» Real Estate

Land Contracts Simplified

Land Contracts Simplified

A typical real estate transaction involves a seller, a buyer, and buyer’s lender. At closing, buyer’s lender advances the funds to pay seller in full, seller conveys ownership to buyer by deed, and buyer gives its lender a security interest in th… Read More
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Relief for Renters

Relief for Renters

Last week, the Supreme Court ended the CDC’s eviction moratorium, and landlords may now evict residential tenants for nonpayment of rent. The moratorium was intended to protect tenants while state and local governments distributed $46.5 billion in… Read More
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Beware of the Promises Yo…

Beware of the Promises You Make

Some time ago, a client of mine signed an agreement to sell real estate that he co-owned with his wife. Unfortunately, he failed to consult with her beforehand. When she refused to go along with the sale, my client tried to get out of the deal by arg… Read More
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Commercial Landlords &…

Commercial Landlords & Cannabis Leases

Tenants who intend to operate a marijuana business must negotiate for substantial changes to the boilerplate provisions of the landlord’s form lease. There are several factors to consider when navigating a new lease: Most leases allow the landl… Read More
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Lien In

Lien In

Disputes between contractors and homeowners are common. The owner runs out of funds midway through the project and cannot pay what is owed to the builder. The owner is unhappy with the quality of work and refuses to pay until the alleged mistakes are… Read More
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Substantial Change to Pro…

Substantial Change to Property Tax Foreclosures

A few years ago, we helped a client who had lost a residential income property to tax foreclosure for failing to pay what began as less than $100 in property taxes (attributable to an inadvertent oversight). The house was ultimately sold by the count… Read More
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Title Theft… Should I B…

Title Theft… Should I Be Worried?

I’ve been hearing a lot of ads lately for a subscription service that promises to protect you and your property from title theft – for a monthly fee, of course. According to the ads, the FBI believes that title theft is the fastest growing cyber-… Read More
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The Right Direction on Re…

The Right Direction on Reverse Mortgages

“It’s easy to think [a reverse mortgage] can be the answer to your prayers,” said Danielle Laura of the Wayne Metro Community Action Agency. “My advice would be that a little healthy skepticism never hurt anyone.” Revers… Read More
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Does Taxable Value Equal…

Does Taxable Value Equal Market Value?

If you’ve lived in Michigan a while, you know that we have a quirky system for determining the “Taxable Value” of residential real estate. Under Proposal A (passed in 1994), the increase in the taxable value of residential real estate cannot ex… Read More
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Real Property Pitfalls

Real Property Pitfalls

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… Read More
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