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...
Since about 2014, real estate investing and “flipping” has been a hot and profitable industry. 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...
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,...
If you are an active real estate entrepreneur, there is a high probability that one day, you will be involved in a lawsuit as either a plaintiff or as a defendant. There are many circumstances during the timeline of a lawsuit where a judge will issue an unfavorable...
No Legal Requirement to Use Agent In good and bad times, people use real estate agents to market their homes. But in good times, it makes sense that it is easier to sell and market a home on your own. There are no legal requirements to use a real estate agent to sell...
This is a legal document that gives the prospective buyer details of the property. It is a binding document and should be completed without the help of a real estate agent or other third party. Every residential home seller in Michigan and Ohio must complete this...