by David Soble | Jan 18, 2020 | Business Law, Financial Disputes, Mortgage Disputes
A recent question: “I co-signed on a commercial loan for a business that is owned by both my daughter and my son-in-law back in 2010. Now they are getting divorced. No one has paid on the loan since they filed for divorce. The bank just called me for the payment and...
by David Soble | Jan 18, 2020 | Mortgage Disputes
This question comes from Veronica of Commerce, MI, who writes: “We took a construction loan out to purchase a lot and build a 2500 sq. ft. home. The process has not been easy. However, now the builder is coming to us and asking us for an additional $80,000 on the...
by David Soble | Jan 18, 2020 | Financial Disputes, Mortgage Disputes
This question concerns a notice of mortgage foreclosure for a commercial property. Just so you know, commercial property, like residential property, can also be foreclosed upon. The question comes from Scott S. of Shelby Township, who owns a restaurant and the...
by David Soble | Jan 18, 2020 | Financial Disputes, Mortgage Disputes
Today I am answering a question from a homeowner in Clarkston concerning a mortgage dispute. He’s seeking a “mortgage resolution” to his problem. He writes: “I received a call from a new mortgage company stating that they now own my mortgage....
by David Soble | Jan 18, 2020 | Business Law, Contract Law, Financial Disputes, Probate, Real Estate Law
“Real estate investors often ask me: ‘Can I save money using free online legal forms instead of hiring a real estate attorney?'” It is a fair question. After all, the internet makes it easy to download a legal form for almost anything. Need a lease?...
by David Soble | Jan 18, 2020 | Financial Disputes, Mortgage Disputes
As a Michigan real estate and finance attorney for almost thirty years now, I’ve dealt with mortgage and financial disputes between borrowers and lenders. Years ago, the lending environment was very easy to maneuver, and there were very few, if any, federal...
