Update: Issues Affecting Michigan Real Estate Businesses Arising From The Covid-19 Pandemic

Governor Whitmer has issued two new Executive Orders that will have a direct impact on real estate businesses in Michigan. The revised Stay Home Stay Safe order (Executive Order 2020-42) extends the “shelter in place” restrictions to April 30 and expands the restrictions that had been announced in the earlier Stay Home Stay Safe order. A new order on remote notarization and witnessing of documents (Executive Order 2020-41) will assist real estate businesses in completing transactions during the pandemic. Additionally, the Internal Revenue Service has extended certain deadlines for 1031 Like-Kind Exchanges. Click here for the new update Couzens Lansky has issued that addresses these and other pressing current real estate concerns.