There are many pitfalls for real estate investors who purchase distressed property. In today’s market, good deals for real estate investors are getting harder to come by. With distressed property becoming a scarce resource and competition ever increasing, some real estate investors have resorted to less than legal acts to boost their profit. Investors should know thatContinue reading “Cautionary Tale for Real Estate Investors: Yesterday California Investor Sentenced to Prison for Bid Rigging at Foreclosure Sales.”
Monthly Archives: July 2017
Business Law Update: Court Lessons on Personal Guarantees.
In the world of lending if a business wants to secure financing, you will be hard-pressed to find a bank that is not going to require some collateral, including a personal guarantee of the debt by the principal owner(s) of the business. businesses don’t want to sign personal guarantees; it’s why businesses take on theContinue reading “Business Law Update: Court Lessons on Personal Guarantees.”
OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech”
Today, Keith A. Noreika, Acting Comptroller of the Currency gave remarks encompassing the topic of Responsible Financial Innovation and Fintech Companies. You can read Mr. Noreika’s remarks here. All the excitement surrounding fintech companies reminds me of something that gets me excited – college football, particularly Michigan State Spartan Football (thus, a photo from oneContinue reading “OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech””
Fintech Company “Lemonade” Following Through on Its Purpose Driven Mission.
In the past I have posted on Fintech Companies – and highlighted a few – namely Lemonade. Below is an update on some exciting things Lemonade is doing. But as a threshold matter: What is Fintech? According to FinTech Weekly: Financial technology, also known as FinTech, is a line of business based onContinue reading “Fintech Company “Lemonade” Following Through on Its Purpose Driven Mission.”
Business Law Update: Lessons From Court on Deadlock Between Business Owners.
This morning was rainy and gray in Grand Rapids. It is one of those days that prompted me to write on a topic that can be downright depressing – when relationships between shareholders go bad. I had a client come in recently and ask me to set up an LLC for him. Client planned onContinue reading “Business Law Update: Lessons From Court on Deadlock Between Business Owners.”
Real Estate Law Update – a Court Case Discussing Laches.
From a lawyer’s perspective, real estate disputes are often messy. The parties are often driven by emotion. The facts are often complex. Simply put – it is usually a mess. Often the doctrine of laches gets raised in such a lawsuit. A few years back I wrote a post about the legal (technically, “equitable”) doctr ineContinue reading “Real Estate Law Update – a Court Case Discussing Laches.”
Purpose Driven General Counsel 