Legal Question in Real Estate Law in Michigan
how to get out of a land contract when the owner doesn't want the house back
Asked on 3/09/11, 7:08 am
2 Answers from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
You can walk away. They have the option to sue for forfeiture or foreclosure, just like a mortgage. They can also come after you for any shortfall after taking back the property and reselling it. Contact me at kliszlaw.com to discuss further. Tim Klisz
Answered on 3/09/11, 11:45 am
Jules Fiani
Law Offices of Jules N. Fiani
You ask a very interesting question. Give the owner a QUIT CLAIM DEED. Please call me at 586-457-5501 so I may answer any additional questions of yours.
Jules N. Fiani
Answered on 3/10/11, 1:24 pm