Real Estate Transactions

Michigan Seller's Disclosure Act: Court Grants Rescission Due to Seller's

The Michigan Land Division Act, MCL 560.101 et seq., which

In Michigan, after a purchase agreement for real property is signed by the buyer and the seller, often there is a due diligence period prior to closing. During this interval time period, either the buyer or the seller can develop 'cold feet' and may wish to terminate the purchase agreement