Real Estate Donation Process Explained by Local Expert

Jan. 4, 2010 - PRLog -- Detroit, MI – The real estate donation process was the key topic at a recent meeting with the National Real Estate Networking Group in Detroit.  Michael Schoen of Donating Real Estate answered questions about the process.

One investor asked who pays the expenses.  Michael answered, “Expenses incurred during the inspection period like title insurance, property insurance, environmental testing, probate or tenant eviction issues and costs to secure the property are absorbed by Donating Real Estate if the real estate donation is accepted.”

Another concern that was brought up was the length of the real estate donation process.  “The average real estate donation process ranges from 30 – 120 days, from initial contact to the transfer of the property title,” explained Schoen. “The donation period may be extended on a case-by-case basis if any minor delays or issues arise regarding a specific piece of property.”

Michael answered questions about paperwork, property management responsibilities and the simultaneous closing when processing real estate donations.  Read more about the real estate donation process at http://www.real-estate-donation.com/

Property owners and real estate investors are discovering the ease of donating real estate through the Donating Real Estate.  The organization specializes in handling all aspects of the real estate donation process for individuals, corporations and charities.  Learn more at http://www.donaterealestate.com

Contact:

Michael Schoen
20700 Civic Center Drive; Ste 170
Southfield, MI  48076
Call 248-757-1713
Email:  info@donatingrealestate.com


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