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Save Mortgage Deed in PDF

Save Mortgage Deed in PDF

Aug 6th, 2022

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How to Save Mortgage Deed in PDF

4.9 out of 5

52 votes

In a recent discussion, Amy from Lake Orion inquired about a mortgage deed she had signed, which reportedly requires her to pay off the loan within 30 days due to a ballooning note or face foreclosure. She sought clarification on the legality and binding nature of the mortgage deed and what steps she should take. The response indicated that Michigan does not utilize mortgage deeds, suggesting a potential misunderstanding. The speaker noted their experience in addressing questions from out-of-state investors, highlighting that a mortgage deed is akin to a land contract, which may differ from local laws and practices in Michigan.

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