Legal Question in Real Estate Law in Michigan
Land sold or given to son
I deeded my son an acre of land with a verbel aggreement he would pay me $40,000 for it. Now he won't pay am I just out the land and money?
1 Answer from Attorneys
Re: Land sold or given to son
Under Michigan law an oral agreement to transfer property may be valid if there is partial performance. Whether a performance was sufficient is what may be at dispute here. Possession or partial payment may constitute sufficient partial performance.
Under Michigan law the terms of the agreement that must be established to show that the property was transferred to your son properly are identification of the parties, identification of the property and some kind of consideration.
The consideration of any contract or agreement under Michigan law does not have to be in a writing, but only be proved by legal means. I would suggest that you contact an attorney to review your situation in detail.
If I can be of further help contact me at 734-944-2269
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