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Structure

The Michigan Sales form is a critical document utilized in real estate transactions, specifically designed to facilitate the closing process. This form serves multiple purposes, primarily functioning as a Special Power of Attorney that grants an appointed agent the authority to act on behalf of the seller. Key components of the form include sections for the names and addresses of the parties involved, including the seller and the attorney-in-fact. The form delineates the powers granted to the agent, which encompass the ability to execute various necessary documents such as deeds, contracts, and settlement statements. Furthermore, it provides a legal description of the property being sold, ensuring clarity and specificity. The form also emphasizes the validity of the power of attorney until a revocation is recorded, thus protecting the interests of all parties involved. Witness signatures and notarization are required to authenticate the document, reinforcing its legal standing in the state of Michigan. By understanding the intricacies of the Michigan Sales form, individuals can navigate the complexities of real estate transactions more effectively.

Form Example

Prepared by, recording requested by and return to:

Name:

Company:

Address:

City:

State:Zip:

Phone:

Fax:

----------------------Above this Line for Official Use Only---------------------

SPECIAL POWER OF ATTORNEY

FOR CLOSING REAL ESTATE TRANSACTION

(Agent for Seller)

STATE OF MICHIGAN

COUNTY OF ____________

KNOW ALL MEN BY THESE PRESENT, THAT I ________________________,

whose address is ___________________________________, _______________ (City),

__________________ (State), ________ (Zip), desiring to execute a SPECIAL POWER

OF ATTORNEY, hereby appoint, ______________________________, of

____________________ County, Michigan, as my Attorney-in-Fact to act as follows,

GRANTING unto my Attorney-in-Fact full power to:

To do all things necessary to close on the sale of the property described below, commonly known as

____________________________________________ (address), with full power

and authority for me and in my name to execute any and all documents necessary to effect the sale, conveyance and settlement on said property to any person or persons of his choosing, including but not limited to, deeds, checks, receipts, releases, warranties, affidavits, contracts, addenda, settlement statements, loan commitments and disclosure statements, truth-in-lending statements, all forms of commercial papers, endorsements to checks, or the like, and any such other instrument or instruments in writing of whatever kind, character and nature as may be necessary to complete the sale, financing arrangements, and the settlement process. FURTHER GRANTING full power and authority to collect and receive any funds or proceeds of said sale in any manner which, in his sole discretion, he sees fit.

The legal description of the property is as follows, to-wit:

[INSERT DESCRIPTION OR ATTACH EXHIBIT]

I hereby ratify and confirm all that said attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.

All acts done by means of this power shall be done in my name, and all instruments and documents executed by my Attorney hereunder shall contain my name, followed by that of my attorney and the description "Attorney-in-Fact", excepting however any situation where local practice differs from the procedure set forth herein, in that event local practice may be followed. This SPECIAL POWER OF ATTORNEY shall be valid and may be relied upon by any third parties until such time as any revocation is recorded in the recorder's office of the county where the land is located.

DATED this the ________ day of ___________________, 20____.

________________________________

Signature

Print Name: ______________________

_______________________________

Witness

Print Name: _____________________

_______________________________

Witness

Print Name: _____________________

STATE OF MICHIGAN

COUNTY OF _________________

The foregoing instrument was acknowledged before me this

_____________________ (date) by

___________________________________________ (name of person acknowledged).

_____________________________

Notary Public

Printed Name: _________________

My Commission Expires:

____________________

Principal Name and Address

Attorney-in-Fact Name and Address

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Document Specs

Fact Name Description
Purpose The Michigan Sales Form is used to grant a Special Power of Attorney for closing real estate transactions.
Governing Law This form is governed by Michigan law, specifically the Michigan Compiled Laws (MCL) § 700.5501.
Parties Involved The form requires the names and addresses of the principal (the seller) and the attorney-in-fact (the agent).
Property Description A legal description of the property being sold must be included in the form.
Authority Granted The attorney-in-fact is granted full power to execute documents necessary for the sale, including deeds and contracts.
Ratification The principal ratifies all actions taken by the attorney-in-fact under this power of attorney.
Validity The Special Power of Attorney remains valid until revoked and recorded in the county recorder's office.
Notarization Requirement The form must be acknowledged before a notary public to be legally binding.
Witnesses Two witnesses are required to sign the form, providing additional verification of the principal's intent.
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