In Michigan, where there is more than one owner, title to real property can be held in several different ways. These include tenancy in common, joint tenancy, joint tenancy with full rights of survivorship and tenancy by the entireties. Your rights and obligations will vary depending on how you take […]
Every lease of residential property in Michigan includes a requirement on the part of the landlord to keep the premises in reasonable repair and to comply with applicable health and safety laws during the term of the lease. This requirement of the landlord is supported by statute. See MCL 554.139(1)(b). […]
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In JPMorgan Chase Bank, N.A. v Bayle, et al, COA Docket No. 32544, (April 26, 2016)(unpublished), the Court was faced with a case of first impression under Michigan law involving two competing purchase money mortgages.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 […]
