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Homestead Exemption on Two Properties in MI

I recently learned that the MI congress passed a law stating that home owners who buy an owner occupied home and retain their previous primary residence while they attempt to sell can keep the homestead exemption for up to three years on both properties. This is a huge benefit to move up buyers who are having a tough time selling.

Posted by Danell Merren on 11/06/2009 01:39 PM

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Two Homestead Exemptions in Michigan in the ActiveRain Channel

two homestead exemptions

This post has been included in Michigan Information Kent County, MI Information Grand Rapids, MI Information
Post is included in group: Women's Council of Realtors on Active Rain
Post is included in group: Wake Up Brokers
Post is included in group: Mortgages
Post is included in group: Grand Rapids MI Real Estate
Post is included in group: All About Mortgages/Mortgage Networking

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