Owning or renting real estate comes with two significant advantages for the property owner or lessee. First, you can determine who is welcome upon your land. Second, and more importantly, you can determine who is NOT welcome on your land. Trespassers who...
Property Law
Can The Lender Get A Deficiency Judgment After A Foreclosure Sale In Michigan?
A foreclosure by advertisement sale occurs when the mortgagee/lender (e.g. the bank) exercises its right to sell the home at auction to protect against a serious loss after the mortgagor/borrower stops making payments. After all attempts to resolve the default...
What Is The Homeowner’s Right Of Redemption After The Foreclosure Sale In Michigan?
It would seem that a foreclosure is final after the auction, but it is not. A foreclosure sale occurs when the mortgagee/lender (e.g. the bank) exercises its right to sell the home at auction to protect against a serious loss after the mortgagor/borrower stops...
Michigan Supreme Court Rules Local Governments Can No Longer Keep Profits From Property Tax Foreclosure Sales
On July 17, 2020, the Michigan Supreme Court issued its opinion in Rafaeli, LLC v Oakland County, __ Mich __ ; __ NW2d __ (2020)(Docket No. 156849) and ruled that local governments can no longer retain the surplus proceeds from tax foreclosure sales on real...
What Is The Process For A Judicial Foreclosure In Michigan?
The foreclosure process can be a scary time for homeowners because it is hard to know what to expect. There are two types of foreclosures: judicial foreclosure (processed and supervised by the court) and foreclosure by advertisement (no court involvement). ...
What Is The Process For A Foreclosure By Advertisement In Michigan?
The foreclosure process can be a scary time for homeowners because it is hard to know what to expect. There are two types of foreclosures: judicial foreclosure (processed and supervised by the court) and foreclosure by advertisement (no court involvement). ...
“Aggrieved Person” Requirement: Can I Appeal The Government’s Zoning Decision Regarding My Neighbor’s Property In Michigan?
Ever since the U.S. Supreme Court ruled in Village of Euclid v. Ambler Realty Co., 272 U.S. 365 (1926) that zoning ordinances were not an unreasonable extension of a municipality’s police power, nearly every state has passed an enabling act giving cities,...
What Is The Liability Of Home Inspectors In Michigan?
In a typical real estate sale agreement where a buyer makes an offer to purchase a home from a seller, the buyer is often afforded the customary right of inspection. A buyer will often retain a home inspector that will assist in making an informed decision...
Can You Legally Own Lunar Rocks In The United States?
Space memorabilia is a consistently solid market and there is no shortage of collectors interested in NASA artifacts. This usually consists of autographed photographs, blueprints, tapes, astronaut equipment or even physical pieces of the spacecraft...
What Real Estate Transactions Are Subject To The Seller Disclosure Act In Michigan?
Michigan law requires a seller of residential property to fill out a standardized form disclosing what he or she personally knows about the home, including any past issues and current imperfections. This form must be completed and returned to the buyer or buyer's...
