Charlevoix, MI asked in Real Estate Law for Michigan

Q: I own property in Emmet county Michigan that I still owe on (25% of the original contract). can I sell a portion of it

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2 Lawyer Answers
David Soble
David Soble
PREMIUM
Answered
  • Farmington Hills, MI
  • Licensed in Michigan

A: It will depend on what your contract provisions say. Have an attorney review the terms of the agreement.

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Kenneth V Zichi agrees with this answer

Anthony M. Avery
Anthony M. Avery
PREMIUM
Answered

A: If you do not have a Deed, then you own nothing and cannot convey any part of the property. If you have a Deed and gave a Mortgage to the Lender, then you will have to get the Lender to Partially Release the Mortgage as to the tract to be sold.

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