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Amy from Lake Orion asks about a mortgage deed she signed, which has a balloon payment clause, requiring her to pay off the loan within 30 days to avoid foreclosure. The speaker explains that Michigan does not use mortgage deeds. They note that they receive many inquiries from out-of-state investors and recognize common terms that may not apply locally. The speaker emphasizes a similarity between a mortgage deed and a land contract, implying that understanding these terms is essential for managing her situation. They indicate a need to clarify the legal implications and next steps for Amy regarding her real estate documentation.