Michigan Seller's Disclosure Statement

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

Transfer ownership of a Michigan real estate property from a seller to a buyer with this Michigan Covenant Deed form.

• Under a Covenant Deed, the seller (grantor) warrants or guarantees the title only against defects or claims arising during his/her ownership of the property, but not against any title defects existing before that time.
• This form is available as a downloadable MS Word document and is easy to fill in with the details of your transaction.
• Intended for use only in the State of Michigan.

Secure a loan on a residential single-family home in Michigan with this fixed rate mortgage template.

• The mortgage form contains the standard uniform covenants under federal mortgage lending regulations.
• It also contains additional provisions required by Michigan laws, including acceleration and sale clauses, and release and discharge of the mortgage by the lender when it is paid in full.
• The mortgage secures repayment of the loan in conjunction with a promissory note signed by the borrower.
• This standard form legal template is downloadable and reusable.
• The form is available in MS Word format.
• Intended for use only in the State of Michigan.

Transfer ownership of a Michigan real estate property from two sellers to two buyers with this Michigan Warranty Deed for Joint Ownership.

• This form of Warranty Deed is used to convey a property from one couple (spouses or partners) to another couple, who will live in the property.
• The buyers will own the property as joint tenants with rights of survivorship. That means when one joint tenant dies, title to the property will pass to the surviving joint tenant.
• The sellers (grantors) covenant to the buyers (grantees) that they have good and marketable title to the property, they have the legal right and power to transfer the title, and they will defend the grantees' right to possess the property.