Ask Experts Questions for FREE Help !
Ask
    darren d's Avatar
    darren d Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 17, 2009, 07:24 PM
    Do you have to register your land contract in Lansing
    I was told by a worker in the code compliance office in Lansing that I had to register my property as a land contract through the county. I have a loan on this property and this could jepordies this. I also heard recently through an instructor for a real estate class that this was bs. I need to know what's true.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Dec 18, 2009, 07:12 AM

    Hello darren:

    Please do NOT get your legal advice from bureaucrats or realtors. Excons, are OK, though.

    It's NOT true, and you are correct that if you register the contract, your loan will be called in.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Dec 19, 2009, 07:44 PM

    While contract for deeds are sometimes recorded, this is for the protection of the buyer so the seller may be restricted getting new loans on the property.

    It is not common to do so, since the buyer does not own the property till they pay off the contract
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Land contract [ 2 Answers ]

Can you get someone out on a land contract quicker if they break rules of your contract. If not, what would we need to do to get them back onto a rental basis, which I take it is easier to evict.

How to get her out on a land contract [ 3 Answers ]

Is there any way to get a person out on land contract quick? She is constantly late on rent money, she still has not paid for this month, she changes her number all the time so we are unable to contact her, she just is horrible. We need her out.

Land contract [ 6 Answers ]

I'm in a land contract that states it's a month to month landlord tennent relation does that mean I give him 30 day notice to leave and that's it?I can no longer afford the payments here and have to move

Land contract [ 1 Answers ]

Both my sister and I hv mortgages on our homes... She also wanted my home and I was ready for a change due to a divorce and do not need such a big home any longer... we owe the same amount on each mortgage so we want to swap houses... She has bad credit and cannot get another loan so we want to...

View more questions Search