|
Introduction
The use of land contracts to finance sales of real property has traditionally been popular in Michigan, especially during times of high mortgage interest rates. Michigan is currently experiencing rising interest rates, coupled with tough economic times that put financial pressure on property buyers. Given these factors, it is likely that a growing number of Michigan land contract vendees will fall into default on their land contract payments. Therefore, one can expect an increase in the number of land contract vendors who will be seeking attorney assistance in recovering their property.
|
|
Read more... [Forfeiture Roadmap]
|