Pear Sperling Eggan & Daniels Bankruptcy Attorney Discusses the Michigan Marketable Record Title Act

ANN ARBOR, Mich. - Dec. 11, 2023 - PRLog -- Like many States, Michigan has implemented the Marketable Record Title Act (MRTA), MCL 565.101 et seq., with the goal of determining ownership interests in land by limiting the number of years during which claims like liens or land use restrictions may be asserted. This means that if an interest in land is not asserted during a specified period of time, it will be lost or extinguished by law. The Marketable Record Title Act (MRTA), Public Act 572 of 2018 amended Public Act 200 of 1945, and it applies to and defines a marketable record title to interests in land. Under the Act, these interests appear to include:

-       Building and Use Restrictions created in deeds, plats, condominium master deeds, and other recorded documents, including all amendments.

-       Easements that have not been improved or visibly used.

Learn more about the Michigan Marketable Record Title Act here.

If you would like to learn more about the Michigan Marketable Record Title Act, contact a bankruptcy attorney in Ann Arbor today! Schedule an initial consultation. (734) 665-4441

About Pear Sperling Eggan & Daniels, P.C.: Pear Sperling Eggan & Daniels, P.C. is one of the oldest law firms in Washtenaw County, Michigan. Founded in 1948, Pear Sperling has adapted with the ever-changing needs of clients and flourished into a well-respected and successful law firm, trusted by clients, judges and other attorneys. Top Rated Michigan Superlawyers^®, AV^® rated, and their attorneys are held to the highest rating possible based on peer review. https://www.psedlaw.com