Conveniently located in Wixom and Bloomfield Hills

  • Main office

    28345 Beck Road Suite 401 Wixom, Michigan 48393
    Phone: 248.869.0030
  • satellite office

    (by appointment only)
    36400 Woodward Suite 220
    Bloomfield Hills, MI 48304

Our Blog

 

 

 

When there are competing purchase money mortgages, priority is determined by which mortgage was recorded first.

05.05.2016 by Law Firm of Seglund Gabe Pawlak & Groth in Legal Updates, Real Estate Law

In JPMorgan Chase Bank, N.A. v Bayle, et al, COA Docket No. 32544, (April 26, 2016)(unpublished), the Court was faced with a case of first impression under Michigan law involving two competing purchase money mortgages.  The Court ultimately held that when there are competing purchase money mortgages, priority is determined by which mortgage was recorded […]

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Important Facts about Mortgage Debt Forgiveness

01.01.2014 by Law Firm of Seglund Gabe Pawlak & Groth in Legal Updates, Real Estate Law

If your lender cancelled or forgave your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule for some homeowners who had mortgage debt forgiven in 2012. Here are 10 key facts from the IRS about mortgage debt forgiveness: Cancelled debt normally results in taxable income. However, […]

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