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I’m constantly amazed at the number of ways that people can mess up real estate transactions. Just this past week, two particularly striking examples crossed my desk. The first was an easement agreement prepared by one attorney and reviewed by a se…
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Real estate transactions are a big part of what we do at Wright Beamer. Lately I’ve noticed an uptick in sales involving commercial properties using residential purchase agreements. Here are a few reasons why it is never a good idea to use a one-si…
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Disclaimer: If you own or are employed by a title agency, please delete this post and pretend like it never existed. I mean no disrespect. Title companies are wonderful (truly). Does anyone remember the good old days when the buyer had a real estate…
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Because it protects buyers, sellers and lenders alike, title insurance is an integral part of every real estate transaction. While we at Wright Beamer regularly deal in real estate law and are well-versed in the documentation involved, one title insu…
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(To Report Cash Transactions) I once facilitated a closing in which my clients sold a very modest home to a young couple for $10,000. What made this transaction interesting was that the couple paid for the house with cash, all in small bills. I still…
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Home buyers don’t like when they discover problems with the home they bought, and who can blame them? But, not every problem is the responsibility of the seller. I’ve had two clients recently contacted by buyers looking for money based on alleged…
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A client recently asked whether he must disclose to the buyer of his home the fact that the next-door neighbor is a registered sex offender. I was able to tell my client that Michigan does not require that he disclose his neighbor’s status. Rather,…
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Residential and commercial real estate matters are a big part of what we do here at Wright Beamer: purchase and sale transactions, leases, title issues, property disputes, and so on. While I have had the privilege of representing both buyers and sell…
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Since 1995, the amount by which Michigan real property taxes can increase each year has been capped at the lesser of five percent or the rate of inflation. This cap on property taxes comes off, however, whenever there is a “transfer of ownership.…
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