Michigan § 125.2745 - Deeding property to applicant; conditions to receiving ownership.
Full text of Michigan Michigan Compiled Laws § 125.2745 — Deeding property to applicant; conditions to receiving ownership., with citation guidance and answers to common questions.
§ 125.2745. Deeding property to applicant; conditions to receiving ownership.
If the applicant substantially meets the criteria in section 4 and receives a commitment to finance construction on the property, the local governmental unit shall deed that property to the applicant for $1.00.
As a condition of receiving ownership of the property under this section, the applicant shall do both of the following:
Except as otherwise provided in a mortgage agreement with an entity that takes a mortgage on the property, maintain and regularly fund an escrow account with the local governmental unit for the payment of property taxes and insurance on the property.
Agree to deed the property back to the local governmental unit if the home is not constructed or not in the process of being constructed within 1 year from the date of the transfer. The local governmental unit may enforce this provision with the use of a deed restriction or other restriction in the chain of title.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2745
What does Michigan Compiled Laws § 125.2745 cover?
Section 125.2745 ("Deeding property to applicant; conditions to receiving ownership.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 125.2745?
A common citation format is "Michigan Compiled Laws § 125.2745" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 125.2745 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.