The Calhoun County Land Bank Authority can, pursuant to MCL 124.752, expedite Quiet Title for real property in Calhoun County. This means that the Calhoun County Land Bank Authority can take a clouded title through the legal process for resolution, typically making the property insurable in as little as 45 days. This is a service unique to Land Banks.
Between January 1 and October 1, the Calhoun County Land Bank Authority can accept properties for expedited Quiet Title to extinguish any junior liens or other adverse interests, for the cost of Quiet Title by third party, administration fees, plus 1% of the property value. During the expedited Quiet Title action, typically 60 – 120 days, the Calhoun County Land Bank Authority will hold the property via Quit Claim Deed. At the conclusion of the action and upon full payment of fees and costs, all Calhoun County Land Bank Authority interest in the property reverts to its owner.
Typical Costs for Expedited Quiet Title:
|Quiet Title||$1,500 – 1,750|
|Holding Fee||1% of property value|