Legal Question in Real Estate Law in Michigan
I live in michigan. i am selling a house and the prospective buyer is a llc. he owns many properties in this llc for rentals. is there any issue for me selling to someone with this llc. i am selling it on a land contract.
Asked on 9/23/16, 9:34 am
1 Answer from Attorneys
Brad Lambert
Lambert & Lambert PLC
You can sell to an LLC. The LLC's status as a legal entity will change the terms of the documents, and perhaps you need to check on the creditworthiness of the LLC as a land contract purchaser.
Answered on 9/23/16, 10:10 am