Under the Michigan Marketable Record Title Act, to possess a marketable record title to an interest in land, a person must have held an unbroken chain of title of record for 20 years for mineral interests and 40 years for other interests. The marketable record title is subject only to claims to that interest and defects of title that are not extinguished or barred by application of the Act, as well as any interests and defects in records forming the chain of record title that are recorded during the 20-year period for mineral interests or the 40-year period for other interests. Unbroken chain of title exists if either:
- A conveyance or other title transaction not less than 20 years in the past for mineral interests and 40 years for other interests, that purports to create the interest in that person, with nothing appearing of record purporting to divest that person of that interest.
- A conveyance or other title transaction within the past 20 years for mineral interests and 40 years for other interests, that purports to create the interest in some other person and other conveyances of title transactions of record by which the purported interest has become vested in the person considered to have an unbroken chain of title, with nothing appearing of record purporting to divest the person of the interest.
Learn more about the Michigan Marketable Record Title Act here.
Get Started Today: Schedule Your Consultation!
If you would like to learn more about the Michigan Marketable Record Title Act, contact a bankruptcy attorney in Ann Arbor today! Our bankruptcy attorney at Pear Sperling Eggan & Daniels, P.C., can help assist you with your case and everything in between.