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Earnest Money Deposits: Everything You Need to Know

Earnest Money Deposits: Everything You Need to Know

by David Soble | Oct 3, 2021 | Contractor Agreements, Purchase Agreements, Real Estate Law

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 the seller’s home. Once the...
Property Flips in Detroit: Our Most Helpful Tips and Tricks

Property Flips in Detroit: Our Most Helpful Tips and Tricks

by David Soble | Jul 22, 2021 | Real Estate Law, Rental Agreements

PROPERTY FLIPS IN MICHIGAN 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...
How to Protect Your Home Project With a Construction Agreement

How to Protect Your Home Project With a Construction Agreement

by David Soble | Jun 29, 2021 | Construction, Contract Law, Purchase Agreements, Real Estate Law

CONSTRUCTION AGREEMENT If you’ve ever embarked on a home remodeling or construction project, you quickly realize that the endeavor is not for the weary. There are so many details to manage. Then there are the unforeseen circumstances that will come up, and trust us,...
How to Deal With a Boundary Dispute on Your Property

How to Deal With a Boundary Dispute on Your Property

by David Soble | Apr 26, 2021 | Contract Law, Real Estate Law

Dealing With a Boundary Dispute Boundary disputes involve issues that occur between two or more property owners occupying neighboring properties. In some cases, boundary disputes can arise when an owner builds a fence, a building, or a wall. Understanding the Extent...
When Does a Letter of Intent Constitute a Contract?

When Does a Letter of Intent Constitute a Contract?

by David Soble | Jan 24, 2021 | Contract Law, Real Estate Law

A real estate buyer and seller write up their own Letter of Intent (“LOI”) to engage in a real estate land lease transaction. They spend some time on the document outlining some of the chief terms of the prospective deal that they will put in a contract in the near...
How Equitable Mortgage Laws Can Unwind Your Transaction

How Equitable Mortgage Laws Can Unwind Your Transaction

by David Soble | Jan 1, 2021 | Contract Law, Purchase Agreements, Real Estate Law

Since about 2014, real estate investing and “flipping” have been hot and profitable industries. While there are great deals out there, Michigan law will not tolerate abusive investment tactics at the expense of Michigan homeowners. Below is Michigan case...
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