by David Soble | Mar 24, 2022 | Contract Law, Financial Disputes, Land Contract, Real Estate Law
When you make a late payment on a land contract in Michigan, fear sets in fast. You wonder if you just lost your home. You worry whether the seller can take the property back immediately. The good news is that the answers are far more favorable than most people...
by David Soble | Jul 14, 2021 | Deeds, Land Contract, Purchase Agreements, Real Estate Law
Perhaps you have experienced your own frustration with your county’s recording office before. You read through all the necessary requirements for recording a deed or other real estate instrument with your county recording office, only to have it rejected and returned...
by David Soble | Apr 11, 2021 | Land Contract, Purchase Agreements, Purchases, Real Estate Law
If you are preparing to buy a home in Michigan, one of the most important steps you can take to protect yourself is to hire a professional home inspector before you sign anything at closing. As a Michigan real estate professional with more than 35 years of experience,...
by David Soble | Jan 18, 2020 | Land Contract
If you want to buy a Michigan home but cannot qualify for a traditional mortgage, alternative paths exist. You have likely come across two popular alternative structures: a land contract vs. a rent-to-own arrangement. At first glance, these options seem incredibly...
by David Soble | Jan 18, 2020 | Land Contract, Real Estate Law
If you consider selling your property using land contract seller financing in Michigan, you step into a powerful but legally complex arrangement. A land contract—also called a contract for deed or installment sale agreement—allows you to act as the bank. You carry the...
by David Soble | Jan 18, 2020 | Land Contract, Real Estate Law
Forfeiture or Foreclosure When a buyer defaults and a seller faces the forfeiture vs. foreclosure decision, the stakes are high. The right answer is rarely obvious. The choice between these two legal remedies will determine how quickly you recover your property. It...
