Individuals and entities alike may use a Michigan Bargain and Sale Deed Form to outline the terms of the real estate title without any promises or guarantees provided to the buyer. This way, you can formalize a property transfer that occurs as a result of foreclosure, tax sale, or estate settlement. Chapter 565 of the Michigan Revised Statutes oblige the seller to verify their intention in writing and sign the contract before a notary public, judge, or a court clerk. The parties must record the deed with the local register of deeds to make sure it becomes legally binding and the interests of third parties are respected.
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