I recently learned that the MI congress passed a law stating that home owners who buy an owner occupied home and retain their previous primary residence while they attempt to sell can keep the homestead exemption for up to three years on both properties. This is a huge benefit to move up buyers who are having a tough time selling.
I specialize in first time home buyer products including FHA, MSHDA, and Rural Development. I use true down payment grants for my buyers from local and state housing authorities.
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