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...
Property Law
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...
How Do Michigan Probate Courts Handle Disputed Property Ownership In Estate Administration?
Whether or not an item of personal property belongs to a decedent's estate is not always an easy determination. When it comes to real property or a vehicle, it is easy to determine legal ownership by simply looking at the title or deed (assuming that the real estate...
Can I Use My Private Property As Tax-Exempt Burial Grounds For Family Members?
After death, there are many options that families can select for the disposal of the loved one's remains. The most popular choices are burial in a public cemetery and cremation. More exotic options include cryogenic freezing of the body, burial at sea or even sending...
