by David Soble | Oct 3, 2021 | Contractor Agreements, Purchase Agreements, Real Estate Law
Why Require An Earnest Money Deposit When you find a home you want to buy in Michigan, you make an initial financial commitment. This payment is an earnest money deposit. Real estate professionals also call this a good faith deposit. This upfront payment signals to...
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...
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,...
by David Soble | Apr 26, 2021 | Contract Law, Real Estate Law
A boundary dispute can catch even careful homeowners completely off guard. One day everything is fine. Next, your neighbor claims your fence sits on their land, or a new survey reveals that their driveway has been crossing your property line for years. These disputes...
by David Soble | Jan 24, 2021 | Contract Law, Real Estate Law
A letter of intent binding contract dispute is more common in Michigan real estate than most buyers and sellers realize. You draft what you believe is a simple, preliminary document to outline the general terms of a transaction. Both parties sign it, conversations...
by David Soble | Jan 1, 2021 | Contract Law, Purchase Agreements, Real Estate Law
Equitable mortgage situations arise in Michigan more often than most investors realize. When they do, a court can look straight through a purchase agreement, warranty deed, and lease-back arrangement. The judge can then declare your entire transaction a mortgage...
