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Can You Sell Your Own Home Without a Real Estate Agent?
No Legal Requirement to Use Agent In good and bad times, people use real estate agents to market their homes. But in good times, it makes sense that it is easier to sell and market a home on your own. There are no legal requirements to use a real estate agent to sell...
A Seller’s Liability for a Leaky Basement
This is a legal document that gives the prospective buyer details of the property. It is a binding document and should be completed without the help of a real estate agent or other third party. Every residential home seller in Michigan and Ohio must complete this...
Buyer’s Remorse: Handling Objections on a Real Estate Purchase Agreement
This question comes from Megan H., a real estate investor out of Texas who owns property here in metropolitan Detroit. She writes in to say that she is selling her property in Waterford, Michigan. Megan and the buyer are under a purchase agreement and are scheduled to...
How Does a Quit Claim Deed Work and How Can We Help?
I received this question from Susan L. of Walled Lake, MI. Back in 2005, Susan and her mother purchased a small home in Wolverine Lake. They lived in the home together until this year, when Susan purchased her own home. Recently, when Susan was going through some...
Real Estate Law: The Difference Between Arbitration and Court Litigation
James wrote in last week. He and his wife are buying a construction home in South Lyon, MI. They are having a major disagreement with the builder about the integrity of the foundation. They don't want to move forward and they want their $55,000 earnest money deposit...
How to Release a Mortgage Co-signer From the Loan Obligation
A recent question: “I co-signed on a commercial loan for a business that is owned by both my daughter and my son-in-law back in 2010. Now they are getting divorced. No one has paid on the loan since they filed for divorce. The bank just called me for the payment and...
Can an Ex-spouse Claim Equity Outside the Divorce Decree?
This question comes from Emilio, out of Shelby Township, who asks: “My wife and I were divorced in 2013. My wife was awarded the home in the divorce if she refinanced my interest off the home with me within two years after the divorce. The divorce decree does not...
Quiet Title Actions on Your Property and Claim What’s Yours
Quiet Title Actions: When The Only Option is to Quiet the Claim to Your Property A question I was asked: “I purchased a home at the city’s tax sale and now I have found that I cannot get title insurance. I can't sell the property by any deed and wonder, why would I do...
Land Contract or Rent-to-Own: Which Is Right for You?
This question is from Greg in Livonia, who says, “I’m considering purchasing a home with my fiance. The seller is offering a rent-to-own program. Is there a difference between a rent-to-own program and a land contract? Now, we don’t qualify for a traditional...
Protect Yourself and Your Project From Mortgage Fraud
This question comes from Veronica of Commerce, MI, who writes: “We took a construction loan out to purchase a lot and build a 2500 sq. ft. home. The process has not been easy. However, now the builder is coming to us and asking us for an additional $80,000 on the...
Meet David Soble
DAVID SOBLE
Real Estate & Finance Attorney