Quitclaim Deed in Lieu of Foreclosure

QUITCLAIM DEED IN LIEU OF FORECLOSURE

Grantor[s], [name[s]], [marital status of male grantor], whose address is [address], quitclaim[s] to Grantee[s], [name[s]], whose address is [address], the premises in the [township / village / city] of [name], [county], Michigan, described as

[legal description] commonly known as [address], for the full consideration of $[amount].

This Quitclaim deed is a deed in lieu of foreclosure on a [mortgage / land contract] dated [date], between the parties on the described property. [The mortgage / A memorandum] is recorded at Liber [number], Page [number], [name of county] County Register of Deeds. This quitclaim deed extinguishes all rights of Grantor[s] in the [mortgage / land contract] between the parties, including any rights of redemption, and extinguishes all other rights, title, and interests of Grantor[s] in the premises.

[For unplatted parcels, include the following two paragraphs:]

Grantor[s] grant[s] to the Grantee[s] the right to make [number] divisions under section 108 of the Land Division Act, Act No 288 of the Public Acts of 1967, as amended. [If you insert an exact number for the divisions, and the number of acres is more than 10, include the following sentence: The Grantor[s] intend[s] to transfer to the Grantee[s] the right to make all divisions, bonus divisions, and redivisions of the property that the Grantor[s] may have under the act.]

This property may be located within the vicinity of farmland or a farm operation. Generally accepted agricultural and management practices that may generate noise, dust, odors, and other associated conditions may be used and are protected by the Michigan Right to Farm Act.

Dated: ______/s/______[Typed name]

/s/______[Typed name] STATE OF MICHIGAN ) ______COUNTY )

Acknowledged before me in [county] County, Michigan, on [date] by [name of person acknowledged].

/s/______[Notary public’s name, as it appears on application for commission] Notary public, State of Michigan, County of [county]. My commission expires [date]. [If acting in county other than county of commission: Acting in the County of [county].]

When recorded return to Send subsequent tax bills to Drafted by ______Tax Parcel # Recording Fee Transfer Tax ______State: ______County: ______