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It is a common misconception that adding a child to the deed for your home, thereby making that child a co-owner with you, is a good idea. After all, your home would then avoid probate at your death, right? Yes, true, but the many reasons NOT to make…
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Many Michiganders have heard stories about homeowners receiving sudden news that someone recorded a deed falsely claiming ownership of their beloved home. Historically, this crime has especially affected older homeowners or prospective buyers not usi…
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Considering the purchase of a new home? There are some legal issues to understand before making an offer. Offers: In Michigan, a signed purchase agreement is considered a binding contract. However, buyers still have certain opportunities to back out…
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New real estate reporting rule affecting buyers The Financial Crimes Enforcement Network (FinCEN) has issued a rule intended to ferret out and deter money laundering in the U.S. residential real estate market. The rule requires certain information to…
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Have you ever wondered what happens when a family inherits property without a clear plan? Often, it leads to complications, especially when multiple family members become co-owners. To address these challenges, Governor Whitmer recently signed the Un…
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Governor Whitmer recently extended the deadline under Michigan’s Marketable Record Title Act (MRTA) to September 29, 2025. Certain property interests are extinguished if they are not protected by appearance or reference in a property’s chain of t…
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Short-terms rentals have become increasingly popular with real estate investors and those who want to purchase a retirement or vacation home for the future but are willing to rent it to vacationers during the intervening years. Whether you are consid…
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Do you hear a soft exhale on the summer breeze? Home sellers statewide are breathing a collective sigh of relief. Just last week, the Michigan Supreme Court overturned a 2021 Court of Appeals decision that made home sellers liable for a building code…
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A shopping center’s tenants may include gyms, retailers, and restaurants. However, the landlord will likely present all tenants of the shopping center with the same boilerplate “form lease” that does not account for the tenants’ different nee…
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Michigan homeowners can claim an exemption on the property taxes levied against their primary residence. The size of the exemption is not insignificant. If the “taxable value” on your notice of assessment is $150,000, for example, the “principa…
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