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Land Contracts Michigan
WHAT IS A LAND CONTRACT? Seller Finances the Land Contract A land contract is a written legal contract or agreement and it’s used to purchase real estate. It can apply to a house, apartment building, commercial building, or even vacant land, so long as it deals with...
An Overview of the Legal Process for Litigation
The method through which legal conflicts are settled through the judicial system is litigation. It is a formal process for settling disputes and is frequently used as a last option when all other attempts have failed. Understanding the litigation process can help you...
Property Attorney – How Do We Help!
Real Estate Attorney Property Attorney Introduction It's crucial to have a property lawyer on your side when purchasing or selling a piece of property to assist you navigate the process and make sure that everything is done legally and appropriately. An attorney who...
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...
Guarantor vs. Co-signer
Do banks require that a co-signer be part owner of the secured property as well?Speaker 1: (00:03)All right. Okay. Moving on to our next question. It must be from anonymous because we don't have a writer. So we'll just say anonymous asks. Do banks require that a...
Late Payment on Land Contract
Do I automatically lose my rights to a home that I purchased on a land contract if I have not made payments over 90 days?Speaker 1: (00:08)Okay. So this question comes from Thomas in Adrian, Michigan. And Thomas says that years ago, in 2004, I bought a business with a...
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...
The Thing About Arbitration Clauses
How does an arbitration clause affect my rights against a contractor in a contract dispute?Speaker 1: (00:03)Hi, and welcome everyone to ask the attorney. My name is Blair Clark and with me as always is Mr. David Sobel, David, how are you doing this evening? I'm...
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...
Meet David Soble
DAVID SOBLE
Real Estate & Finance Attorney