A Property Tax Tug-Of-War

A Property Tax Tug-Of-War

Retaining a principal residence exemption (“PRE”) can sometimes be tricky. (The PRE exempts a homeowner’s principal residence from property taxes levied for school operating expenses.) Naturally, the tax assessor wants to collect every tax doll… Read More
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Tangled Title

Tangled Title

Recently, frantic ads have warned that thieves can record forged documents to steal title to your home. While title theft insurance companies claim to offer protection to homeowners, there are a few things to consider before purchasing a policy: A fo… Read More
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Stake a Claim

Stake a Claim

In early spring of 2019, a home was damaged by fire, nearly a year after the homeowner’s death. The heirs submitted a claim under the homeowner’s policy, which had been issued in the name of the deceased. The insurance carrier denied the claim, c… Read More
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As Intended

As Intended

In the 1960s, the owner of lakefront property sold two parcels that were not on the lakefront and granted a 20-foot-wide easement across his lakefront parcel “for access to [the] Lake.” The owners of the “back lots” installed a dock w… Read More
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Title Insurance Essential…

Title Insurance Essentials

A few weeks ago, I used this forum to write about the importance of purchase agreements in every real estate transaction. This time I want to address title insurance. With each real estate deal, sellers need to make sure they own what they’re selli… Read More
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Purchase Agreement Essent…

Purchase Agreement Essentials

Because it sets forth the terms of sale and the relative rights and obligations of the parties, the purchase agreement remains the single most important document in any real estate transaction – residential or commercial. While not all purchase agr… Read More
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"Let the Seller Beware"

There’s an old proverb, “Let the buyer beware.” A recent opinion issued by the Michigan Court of Appeals (Galvan v Poon, Mich App No. 76047, August 19, 2021), however, has turned this time-honored legal principle a bit on its head. In Michigan,… Read More
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Real Property Ownership:…

Real Property Ownership: Your Interest Matters

How title to real estate is held between owners and the legal consequences of that ownership are common areas of misunderstanding that we work through with clients. There are situations where a property owner believes they know what form of ownership… Read More
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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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