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How to Prepare for Due Diligence in Real Estate Law
I’m often asked to perform a due diligence audit on a real estate or business transaction. A due diligence audit is an investigation into important or material items that can affect a transaction's outcome. And it refers to the care that a reasonable person would give...
Why Hire a Real Estate Attorney? Things You Need to Know
If you’re new to real estate investing, hiring an attorney to handle a real estate issue can be pretty daunting. Here are some major concerns that I often hear from newer real estate investors from all over the country. Attorney Fee Structures The first item that...
The Right Way to Write a Purchase Offer
I’m looking right now at a purchase agreement that a client brought in the other day. He’s a real estate investor and it’s a “one-page purchase agreement.” He’s a real estate investor and he’s purchasing a property for $75,000. He downloaded this purchase agreement...
Why a Real Estate Investor Should Form a Limited Liability Company
What is a Limited Liability Company Whether you’re new to real estate investing or you’ve been flipping or renting homes for a while, the question invariably arises: should you form a limited liability company for your properties? A limited liability company is also...
Who Pays the Legal Fees?
When an attorney brings a lawsuit on behalf of a client, either in real estate, contracts or financial disputes, the question most often comes up from a client is whether or not they’re going to get their attorney fees in the event that they win. That sounds...
Attorney Fees: What Clients Need to Know
The other day I received an email from somebody inquiring into the hourly attorney fee that is charged. They asked if we have student attorneys that we can provide? They don’t want to pay too much, and I understand that people are sensitive to attorney fees. But there...
“Sign on the Dotted Line”
In society, people are always rushing. We download our videos fast and our music fast. We like fast food. We’re always in a rush. The last place I can assure you that you ever want to feel compelled to rush is right before you sign on the dotted line for an agreement....
Legal Platforms: The Pros and Cons of Prepaid Group Legal Services
Most everybody needs the help of an attorney at one time or another, and having meaningful access to the courts is really a fundamental right under our constitution and the first amendment. So many Americans that require legal help often fail to seek it, and there are...
Michigan Land Contract Laws
Land Contract A land contract is a written legal contract or an agreement, and it’s used to purchase real estate, such as a house, an apartment building, a commercial building, or even vacant land, so long as it deals with real property. Buying or selling on a “land...
Quit Claim Deed vs. Warranty Deed
I’m often asked the difference between a warranty deed and a quit claim deed. Both convey or purport to grant title to property, but they’re legal documents and they have very different legal outcomes. Warranty Deed - Guarantee First, a warranty deed is a type of deed...
Meet David Soble
DAVID SOBLE
Real Estate & Finance Attorney