What's an ACR? What does it imply?

Asked by Bill G. Koch, 54650 Thu Jul 9, 2009

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Reggie Fluker…, Agent, Clinton Township, MI
Tue Mar 30, 2010
Hi Bill,

Just to add my 2 cents; the actual letters stand for "Affadavit of Compliance Responsibilty".

Reggie
Web Reference:  http://www.SaveMoneyToo.com
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Andy Hargrea…, Agent, Plymouth, MI
Mon Jul 13, 2009
In addition, most cities allow up to 6 months to complete the necessary work for the inspections.
Once complete, the inspections are deemed good if you plan to occupy until you choose to move again. If you plan to rent the property, there are review periods to adhere to every 2-3 years generally.

Just my .02
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Tamara Smith, Agent, Grosse Pointe, MI
Fri Jul 10, 2009
An ACR is the acronym utlilized for the affidavit required by the City of Detroit when the purchaser is assuming the City-required repairs for the home. In Detroit - and in other municipalities - a pre-sale inspection is required prior to the home's transfer to a new owner. In some circumstances, the seller takes on the responsibility for the repairs and the City then issues a certificate of occupamcy. If the buyer is assuming responsibility for repairs - as is most often the issue - the buyer brings a copy of the purchase agreement and the city inspection report to the housing inspection division of the City and completes the affidavit (the ACR), This affidavit details that the purchaser is esponsible for the repairs and may be able to obtain a temporary certificate of occupancy while repairs are completed.

Good Luck!
Tamara Smith
Associate Broker
Coldwell Banker Schweitzer
Web Reference:  http://www.RealtorTamara.com
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