You may be entitled to a refund of the State Real Estate Transfer Tax (SRETT) you paid on the sale of a principal residence in an arms-length transaction or, if you are now in the process of selling a principal residence, you may qualify for an exemption from the SRETT. […]
In JPMorgan Chase Bank, N.A. v Bayle, et al, COA Docket No. 32544, (April 26, 2016)(unpublished), the Court was faced with a case of first impression under Michigan law involving two competing purchase money mortgages.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 […]
Many of us might wish that we lived a life like Prince. But don’t leave this life like he did – do your estate planning. Often times the estates of celebrities are worth many millions of dollars, not only because of the homes and money that they earned throughout their […]
Rent to Own Real Estate If you’ve driven around the Metro Detroit area lately, there is a good chance that you’ve seen a roadside “Rent to Own” sign for real estate. This is another name for a “Lease to Own” agreement. Before you seriously consider this type of arrangement to […]
It’s been a long time coming, but… People in Michigan will soon be able to appoint a “funeral representative”, who is authorized to make funeral and other arrangements regarding disposition of last remains after the death of the appointing person. This appointment can be made by will, patient advocate designation […]
AN EXCHANGE OF EMAILS OR TEXT MESSAGES CAN CREATE A BINDING AGREEMENT FOR THE SALE/PURCHASE OF REAL PROPERTY Michigan law has long required that an agreement for the conveyance of real property must be in a signed writing to be enforceable. This requirement is known as a “statute of frauds.” […]
