In our regularly updated blog, we discuss what to expect when you're buying or selling residential or commercial real estate in Michigan. Learn why legal assistance can protect your investment, help save money on your taxes, reduce the risk of litigation, and much more.
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Michigan Supreme Court Reverses MERS Foreclosure DecisionMany Michigan homeowners who had previously been foreclosed on by MERS (or, more formally, Mortgage Electronic Registration Systems, Inc.) had kept their hopes alive based on the recent Michigan Court of Appeals’ decision holding that MERS could not foreclose by advertisement in Michigan. That decision has now been reversed by the Michigan Supreme Court. For a good summary of... Read More »
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When a Reverse Mortgage Could be a Good OptionIn many cases, individuals entering retirement have had their home for decades during which it has not only served as a place to live and raise their family but also as an asset which has gone up considerably in values. Although having such a valuable asset is a good thing, it is often the... Read More »
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Joint Family Ownership of Vacation PropertiesOwning a family vacation home would be a dream come true for many families. Having such a place provides families with a place to relax and enjoy time together while creating memories which will last a lifetime. For some families, achieving this dream means pooling resources in order purchase a vacation home while others may... Read More »
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The Pros and Cons Of Buying a Home in a 55-Plus CommunityDepending on your wants and needs, buying a home in a 55-plus community might be a financially savvy way to set yourself up for retirement. But is it the right decision for you? Here are a few financial pros and cons associated with moving into one of these neighborhoods. Pro: The homes are in excellent... Read More »
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The Family Farm and Estate PlanningMichigan is abundant with farmland and, in many cases, these lands are cultivated by family farming businesses. Often, the family will have built their farming business from the ground up and will want to see it continue for generations to come. While this seems like a natural progression, estate planning for family farms can present... Read More »