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Michigan Timeshare Laws
Please be advised that you should not act upon any of this information without seeking proper legal counsel from an attorney experienced in timeshare law. Roberts Law Group makes no representation or warranty regarding the accuracy, reliability, completeness, or timeliness of any information provided. This information is provided for information only. All information posted here should not be used as a substitute for the advice of an appropriately qualified and licensed lawyer.
In the state of Michigan, timeshare law is authorized by two Michigan Compiled Laws and Michigan Labor & Growth. The terms set by the state are mainly to govern condominiums and not specifically timeshare laws. Therefore, it is recommended that you seek proper legal counsel from a timeshare lawyer when working with any contracts within Michigan State.
Timeshare Foreclosure in Michigan
Under Michigan timeshare law, timeshare foreclosure can take place through either the judicial or non-judicial process. It is common for this to be determined by the timeshare contract itself. The contract may include a “Power of Sale Foreclosure” clause which will allow the developer to act as a trustee to resell the timeshare if the mortgage is in default. Of course, under this timeshare law in Michigan the option to foreclose is the resort’s decision.
Timeshare Contract Cancellation
In Michigan, a purchaser has up to nine days to cancel a timeshare contract. This clause must be included in the timeshare contract and cannot be waived. If the purchaser wishes to cancel a timeshare agreement, they must submit this notice in writing to the seller or developer.
For more information on laws regulating timeshare in Michigan, please click here.
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