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Race, Notice and Delivery – The Importance of Filing Your Real Estate Deed
Race, Notice - The Importance of Filing Your Real Estate Deed The Meaning of "Race Notice" Michigan is a race notice state. When there are conflicting claims of interest in a property, the party who has recorded their interest first can claim rightful ownership...
Contract Violations
What happens if a builder uses my deposit and loan money without doing the work as agreed? Speaker 1: (00:03) This question comes to us from one of your fans, David, who says, I have seen many of your videos. So they must be quite excited to ask their own question...
Why You Need an LLC and Operating Agreement in Real Estate
This article discusses the importance of having an operating agreement for your limited liability company. Single-Member LLCs and Operating Agreements A single-member limited liability company ("SMLLC") is a one-owner business. The SMLLC is like a sole proprietorship,...
Earnest Money Deposits: Everything You Need to Know
Why Require An Earnest Money Deposit An Earnest Money Deposit, also known as a good faith deposit, comes from the prospective home buyer and it shows the buyer's commitment to the seller that they are serious about purchasing a seller's home. Once the buyer provides...
Business Valuation: 5 Major Factors That Really Matter
Whatever stage an operating business is in, there is often a need to put a value on the business. Whether you are applying for a small business loan, seeking an investment partnership, or planning to sell your business, understanding how to value the total worth of...
Loan Workouts: A Solution for Missed Small Business Loan Payments
Your business is having financial issues, cash flow is tight, and you have defaulted on your business loan. What happens next and how do you work out of this situation? Having a brief understanding of commercial loan workouts is important for business borrowers to be...
How Can a Power of Attorney Help With Real Estate Documents?
Lisa, a realtor from Livonia, Michigan asks, “My seller's husband needs to sign papers to close the home. However, he is not lucid. Their realtor said she will get him to sign a power of attorney to his son. Is this right or even legal?" Attorney in Fact First, for a...
Top 10 Reasons Why You Need Property Title Insurance
Title insurance is important for new homeowners to have because, while the home may be new to you, the property will have an entire ownership history of its own that may be unknown to you. Conducting a thorough title search can help you discover any title defects that...
Deed Correction: What to Do When A Deed Contains Mistakes
Sometimes, not everything in life goes as planned. This is never more true than when it involves real estate and the law. At times, when drafting real estate documents, such as a deed, a mistake can happen despite the drafter’s best efforts. It is not uncommon for a...
Property Flips in Detroit: Our Most Helpful Tips and Tricks
While house flipping is a great way to make a quick profit, this endeavor requires realistic expectations and well-laid-out plans for every step of the process in advance. All too often, wide-eyed first-time buyers entering the fix-and-flip market are excited by...
Meet David Soble
DAVID SOBLE
Real Estate & Finance Attorney
