Closing
Every post about closing, newest first.
2 posts
Real estate · · 8 min read
Michigan property tax uncapping: what a buyer pays
When a Michigan house changes hands the taxable value uncaps to half the sale price the year after. Here is the arithmetic, and what it does to the bill.
Real estate · · 5 min read
Michigan Property Transfer Affidavit: deadline and penalty
The Michigan Property Transfer Affidavit is due 45 days after closing. Late, it runs $5 a day: $200 cap on a home you live in, $4,000 on one you do not.