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How long do I have to file a trust deed in the state of Michigan?

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vg4realdeals Joined: 18 Dec 2009 Posts: 1 1.32 Dollars($)	Posted: Fri Dec 18, 2009 2:47 pm    Post subject: How long do I have to file a trust deed in the state of Mich Like 0 Dislike 0 Example: A seller (Owner) sells his property to a buyer and buyer defaults a moves out of property. Seller (owner) resales property and files a new trust deed and is receiving monthly payments. Seller (owner) does not conclude or file documents with county notifying public of default before reselling property. New trust deed is dated or created 6 months before the new trust deed was recorded with county. Recording date is 6 months after creation date. Is this illigal or just bad business practices?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Fri Dec 18, 2009 8:26 pm    Post subject: Like 0 Dislike 0 Hi vg4realdeals! Welcome to forums! You've mentioned that the owner of the property has sold off the property to a buyer. In that case, I guess the seller signed a quit claim deed to transfer the property in the buyer's name. In that case, the seller cannot resell the property again if the buyer does not transfer the property to him/her. I think the seller should take the opinion of an attorney in this regard. Feel free to ask if you've further queries. Sussane

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