Late Payment on Land Contract
Do I automatically lose my rights to a home that I purchased on a land contract if I have not made payments over 90 days? Video Transcript Speaker 1: (00:08) Okay. So this question comes from Thomas in Adrian, Michigan. And Thomas says that years ago, in 2004, I...
Loan Workouts: A Solution for Missed Small Business Loan Payments
Your business is having financial issues, cash flow is tight, and you have defaulted on your business loan. What happens next and how do you work out of this situation? Having a brief understanding of commercial loan workouts is important for business borrowers to be...
Could a Mortgage Modification Help Your Financial Situation?
MORTGAGE MODIFICATION Are you behind on mortgage payments? Is your lender threatening foreclosure actions against you? Waiting on your lender to reach out to you with help is not going to improve your financial situation. Instead of facing a mortgage foreclosure,...
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...