Whether for professional reasons or personal matters, everyone must handle legal issues at some stage in their life.
Completing legal documents requires meticulous care, starting with choosing the appropriate template.
With an extensive US Legal Forms catalog available, you do not have to waste time looking for the correct sample online. Utilize the library’s user-friendly navigation to find the suitable template for any situation.
When responding to the question 'Has anyone ever filed an immigrant petition on your behalf?', you should first review your immigration history. If someone has indeed filed a petition for you, provide accurate details about the filing, including names and dates. If you have never had a petition filed on your behalf, simply state that fact clearly. A precise and thorough answer is crucial; errors can impact your immigration process and the answer to petition form for immigration.
One important requirement is that all contracts for purchase or sale of real estate must be in writing. An offer made and accepted in a phone call or conversation is not enforceable. The buyer in a FSBO process should be prepared to make an offer in writing.
If a judgment of possession is granted, the buyer has 90 days to redeem the property if less than 50% of the purchase price has been paid or 6 months to redeem if 50% or more of the purchase price has been paid. The redemption amount is the amount that is past due. MCL 600.5744(4).
So using the addendum will ultimately make it easier on you as a real estate agent. You create the addendum, you send it to escrow and escrow creates the amendment to the deal and includes it in the escrow instructions.
The terms can vary, but most agreements are between two and four years. At the end of the term, the buyer will usually have a balloon payment due before the final transfer of the property deed takes place.
It is in the best interest of both the seller or buyer to involve a real estate attorney like David Soble to help you navigate through the federal and state laws governing land contracts, the process and the common terms of the contract.
Buyer may withdraw or terminate its Offer without recourse against the Seller. 16.2. It is expressly understood and agreed that neither the Seller nor the Buyer shall assign its interest under this Offer or any portion thereof without the prior written consent of the other party, its successors or assigns.
A land contract is a written legal contract or an agreement, and it's used to purchase real estate, such as a house, an apartment building, a commercial building, or even vacant land, so long as it deals with real property. Buying or selling on a ?land contract? in Michigan is a transaction involving seller financing.
Most land contracts have a forfeiture clause. A forfeiture clause usually says that if the buyer breaches the contract, the seller can keep all money paid to it. The seller can also take back possession of the home. The seller cannot forfeit the contract without a forfeiture clause.