Form 4983 Foreclosure Entity Conditional Rescission of a Principal Residence Exemption (Pre) - Michigan

Form 4983 Foreclosure Entity Conditional Rescission of a Principal Residence Exemption (Pre) - Michigan

What Is Form 4983?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 4983?
A: Form 4983 is a document used for the conditional rescission of a Principal Residence Exemption (PRE) in Michigan.

Q: What is a Principal Residence Exemption (PRE)?
A: A Principal Residence Exemption (PRE) is a tax exemption given to the owner-occupants of a principal residence in Michigan.

Q: When is Form 4983 used?
A: Form 4983 is used when there is a foreclosure on a property that was previously granted a Principal Residence Exemption (PRE).

Q: What does conditional rescission mean?
A: Conditional rescission means that the tax exemption is temporarily revoked due to the foreclosure, but it can be reinstated if certain conditions are met.

Q: What information is required on Form 4983?
A: Form 4983 requires information such as the property address, the new owner's name and address, and details about the foreclosure and transfer of ownership.

Q: Do I need to pay a fee to file Form 4983?
A: No, there is no fee to file Form 4983.

Q: What is the deadline for filing Form 4983?
A: Form 4983 must be filed within 90 days from the date of the foreclosure.

Q: What happens if I don't file Form 4983?
A: If you don't file Form 4983, you may lose the opportunity to have the Principal Residence Exemption (PRE) reinstated.

Q: Can I appeal if my Form 4983 is denied?
A: Yes, if your Form 4983 is denied, you have the right to appeal the decision.

Q: Is Form 4983 specific to Michigan?
A: Yes, Form 4983 is specific to Michigan and is used for the conditional rescission of a Principal Residence Exemption (PRE) in the state.

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Form Details:

  • Released on October 1, 2017;
  • The latest edition provided by the Michigan Department of Treasury;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 4983 by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.

Download Form 4983 Foreclosure Entity Conditional Rescission of a Principal Residence Exemption (Pre) - Michigan

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