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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...
Firing Your Realtor in Michigan
Agent Fails to Meet Expectations Whether you hire a real estate agent to help you sell or buy a home, the relationship you have with your agent can have its challenges, especially in the fast-paced business of real estate sales, which by its very nature involves...
Real Estate and Probate In Michigan
The Problems With Real Estate and Probate in Michigan At least several times a month, I receive a call from someone regarding a home or property that belonged to their parent or other family member who has died. Lack of a Will or Deed Usually, they encounter a problem...
Before Signing a Contract You Should Know………..
Many people fail to read and understand the provisions of their contract for goods or services until it’s too late. Almost eighty% of a standard contract regulates the positive relationship between parties, focusing on the excitement of “who gets what, for how much...
Michigan Seller’s Disclosure Act and the Seller’s Legal Obligations
SELLER'S DISCLOSURE STATEMENT Consider this scenario: The Sellers were having problems with their furnace. They had different heating contractors inspect and attempt to fix the furnace. Some said the furnace should be replaced, while others would make repairs that...
5 Practical Tips for Land Contract Sellers
5 Practical Tips for Land Contract Sellers A land contract is the appropriate document to use when the parties to a real estate transaction engage in seller financing. Here are five tips for making the experience easier for a land contract seller. The list is by no...
Reducing A Real Estate Investor’s Legal Exposure: The Importance of Having an Operating Agreement
Create a Limited Liability Company Real estate investors should consider forming a limited liability company (“LLC”) for their business. Forming an LLC has two benefits. It allows for simple tax reporting at the owner’s tax rate while limiting the owner’s legal...
Protecting a Senior’s Real Estate Assets: 5 Ways to Help Seniors Avoid Elder Financial Fraud
Protecting a Senior's Real Estate Assets I recently had a client who came to me complaining about an investment home that their 74-year-old father owned. He had sold the property to a real estate agent’s son for a substantially below-market value. Considering the...
The Fear Is Real: What NOT To Do After The Equifax Data Breach
September 29, 2017By Teresa Dixon Murray, The Plain Dealer CLEVELAND, Ohio -- In the week since Equifax disclosed its horrific data breach, much has been written about what to do. Now, it's time to talk a bit about what NOT to do: Don’t think that because you’ve never...
Meet David Soble
DAVID SOBLE
Real Estate & Finance Attorney