Legal Question in Real Estate Law in Michigan

i co signed a land contract for someone. how can i get out of this contract.

The home occupants are not making their payments. I want to get out of this contract before it affects my credit.


Asked on 1/09/12, 7:20 am

2 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

You cannot get out of it without paying off the land contract or getting the holder to let you out. Likely the holder would just forfeit the house and take it back, but if they choose to foreclose, you are on the hook for any losses after they resell. Tim Klisz. Kliszlaw.com

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Answered on 1/09/12, 11:01 am


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