QUESTION
What will happen if I don't pay the land contract forfeiture in full during the 90 day period?
Asked on Feb 17th, 2015 on Landlord and Tenant Law - Michigan
3 ANSWERS
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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You will Lose any equity you have in the property and be evicted.. because the complete fee ownership of the property will revert to the seller of property on land contract.
Answered on Feb 18th, 2015 at 6:22 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Yours is a very good question, but impossible to answer without significant additional details. Most likely you will lose all rights and moneys in the house. See an attorney.
Answered on Feb 18th, 2015 at 9:04 AM
Your interest in the property will terminate.
Answered on Feb 18th, 2015 at 9:02 AM