Property Ownership
In Michigan, the transfer of real property to a revocable living trust requires:
ALARA approval
BA deed conveying the property to the trust✓ Correct
CCourt approval through probate
DLender consent if the property has a mortgage
Explanation
Transferring property to a revocable living trust requires executing and recording a deed naming the trust (or trustee) as the new owner. Most due-on-sale clauses exempt transfers to revocable living trusts under the Garn-St. Germain Act.
Related Michigan Property Ownership Questions
- A Michigan property owner grants an easement appurtenant to a neighbor for driveway access. The neighbor then sells their property. The easement:
- In Michigan, the 'bundle of rights' concept in real estate includes the right to:
- An easement by necessity in Michigan is created when:
- In Michigan, a property owner can create an easement 'by reservation' when:
- In Michigan, a 'homestead' declaration provides a homeowner with protection from:
- Under Michigan's Condominium Act (PA 59 of 1978), the common elements of a condominium are owned by:
- In Michigan, a prescriptive easement is similar to adverse possession except that it grants:
- A life estate in Michigan is an ownership interest that:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →