One of the things we will talk about during and after the celebration of closing on your new home is the process of "officially" making the home yours in the eyes of the city/township and the state of Michigan. 

The closing officer will give you a property transfer affidavit form.  (And you thought you were done with the paperwork after closing, now didn't you?)   I will make sure that this form is at the top of the stack of forms that you leave the closing table with. 

Here is what the form looks like:


Property transfer affidavit


The day of closing (if you have time) or within a few days of closing you should visit your city and/or townships municipal office and find the assessors office.  It will be in this department that you turn in this form, and also the homestead exemption form if it applies to you.   With this form you will be letting the city/township know that you are now the owners of the home.  You must turn this form in within 45 days or there will be a fine of $5 per day up to $200.   I know how hectic your life will be after you close on your new home.  I'll give you a call to check on you and also ask about the form and if you've turned it in.  On occasion I have been known to turn those in for you if you are unable to meet the deadline. 

One other tidbit:  If you would fax or mail me a copy of your stamped "received" form that the city/township gives to you after you've turned them in, I'll place a copy in the file I have for you, and it will be there in case you lose yours and need it later.

© Kris Wales RE/MAX Advantage 1, Inc.   Macomb County real estate 

 
This post has been included in Michigan Information Macomb County, MI Information

10 Comments on After closing - turning in the property transfer affidavit

Kris, it's nice of you to keep a copy for them in case theirs is lost. Our escrow officers here in Texas (at least the title company I use) do this paperwork for them.

One of the things I do for my clients is keep a copy of their HUD and mail it to them around the middle of December so they can have it for their taxes.

12/01/2007 05:52 AM by Linda Scanlan (A Fan of AR)


Kris, out here in Ann Arbor the Title companies turn them in for us. But, in Livingston County the new buyers have to turn them in. I've been spoiled. But, the new buyers are suppose to call and make sure it got there as they are ultimately responsible.

I also do as Linda and we mail out each HUD to both parties in January and once again thank them for their business. We make the copies right after closing so it is not hard to do and address the envelope. In January viola it is done.

12/01/2007 07:45 AM by Missy Caulk Ann Arbor Realtor Ann Arbor Real Estate (Keller Williams Ann Arbor)


Kris--Good information for Michigan buyers!! It is different in MN. The title transfer is recorded by the closer but the buyers must homestead the property by December 31. If they do not go to the county courthouse in person with the document they will pay non-homestead taxes that will cost hundreds more. I guess the lesson here is...Don't forget your paperwork no matter what state you close in!!

12/01/2007 08:17 AM by Teri Eckholm, RealtorĀ® Anoka County MN (Keller Williams Premier Realty)


Kris: We don't do this in NC. The attorney handles it. But..this is a great added touch to your buyers. :-)

12/01/2007 08:44 AM by Elizabeth Nieves - Bilingual Raleigh - Durham North Carolina Real Estate Team (The Elizabeth Nieves Realty Group @ Keller Williams)


Hi Kris, in Grand Rapids, the title companies usually do this as well.  It's interesting to see how things are handled in different parts of the state.

12/01/2007 03:17 PM by Lola Audu~ Audu Real Estate~ Grand Rapids, MI Broker


Kris, Good information. After a closing, I take the buyers to the city or township to get this registered. I already ran across a relative that was paying non-homestead taxes since 1999 because they didn't file this form.

12/01/2007 07:11 PM by Gary Smith, RealtorĀ® (The Michigan Group - Livingston)


Hi Kris, nice idea to keep a copy....it also helps you keep in touch...and build a great data base.  Nice post.

12/01/2007 08:42 PM by Gary White~ Grand Rapids Real Estate, FLexIt Realty, a call or click away! (Flexit Realty~Serving West Michigan)


Linda:  That is a great idea about the HUD.  I always find it interesting to hear what practices are common in other areas of the country.  Thanks for letting me know Linda.

Missy:  The title companies years ago did that for clients, they haven't in the past 3-4 years.  In fact, there is now a form that buyers sign..a "CYA" form stating that the closing officer did advise them to turn those forms in. I hadn't thought about the HUD being used in that way before until you and Linda mentioned it.  Great idea!   You ladies are fabulous with sharing your wealth of marketing and knowledge with me.

Teri:  Our "cutoff" for the homestead exemption is May 1st.  This way, there is time for the summer tax bill to be accurate as to homestead properties for a new buyer.   Again, I enjoy hearing what is customary in other areas of the country, thanks so much.

12/02/2007 05:21 AM by Kris Wales-Macomb County MI Real estate (RE/MAX Advantage 1, Inc.)


Elizabeth:   Again, it's interesting to hear the common practice in other areas.  I always want to make sure my clients have turned those in.  The consequences if they don't are so costly!

Lola:  The title companies here used to do that years ago but stopped.  I think they had too many instances of the clerks at the assessors office not recording things properly and more than one homestead exemption was missed.  Now they don't take on the responsibility.

Gary Smith:  You do go above and beyond!   That's a great idea to drive them there directly afterwards. I've seen that also Gary (the unfortunate person paying for years as non-homestead and not understanding).  It's sad when that happens.  

12/02/2007 06:17 AM by Kris Wales-Macomb County MI Real estate (RE/MAX Advantage 1, Inc.)


Gary:   We save their files anyway and on more than one occasion I've had someone call and ask for a copy.  It's helpful to them if they've misplaced it.   Thanks Gary.

12/02/2007 06:18 AM by Kris Wales-Macomb County MI Real estate (RE/MAX Advantage 1, Inc.)


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Real Estate Agent: Kris Wales-Macomb County MI Real estate (RE/MAX Advantage 1, Inc.)
Kris Wales-Macomb County MI Real estate
Chesterfield Township, MI
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RE/MAX Advantage 1, Inc.

Office Phone: (586) 598-0700 Ext.: 1876
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Kris Wales is proud to be a licensed real estate agent
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