My Guest Blog Post for EarlyCareerists: Be Someone Who Cares – Serve on a Non-Profit Board

Happy Friday to all!   I recently wrote an article that was published as a Guest Blog post with Early Careerists where I discussed serving on a Non-Profit Board. You can check out my article http://earlycareerists.com/blog/a-lesson-in-professional-development-be-someone-who-cares-serve-on-a-non-profit-board You can also connect with Early Careerists on twitter at @earlycareerists  

Mistakes in Real Estate Closing Documents: Court Decides Not to Invoke Equity to Save a “Sophisticated Lender” from its Mistake.

Mistakes in Real Estate Closing Documents happen. It is a fact.  What are the ramifications? I will give you  the cliche “lawyer answer” – It depends. Among other things, it depends on how significant the mistake is (does it render the lender’s ability to enforce its rights invalid?), and if the lender seeks a Court to “fix”Continue reading “Mistakes in Real Estate Closing Documents: Court Decides Not to Invoke Equity to Save a “Sophisticated Lender” from its Mistake.”

In Re Lemcool Trust – An Unfortunate Example of Why You Need to “Put it in Writing”

In real estate transactions it should go without saying that if you want the deal to hold up in a court of law, you should put it in writing. This is particularly primarily due to the Michigan “statute of frauds” which holds that any agreement for the sale of an interest in land must be evidenced in someContinue reading “In Re Lemcool Trust – An Unfortunate Example of Why You Need to “Put it in Writing””

Banks and Mortgage Servicers: The Dangers of Not Complying With Michigan Foreclosure Law and the difference between “Void” and “Voidable”.

Failing to comply with Michigan Statute when foreclosing by advertisement can render the foreclosure void – not merely “voidable”. A 6th Circuit Court of Appeals decision provides a good example to lenders, servicers, and other real estate professionals on why it is important to follow MCL 600.3205’s requirements to hold off foreclosure by advertisement forContinue reading “Banks and Mortgage Servicers: The Dangers of Not Complying With Michigan Foreclosure Law and the difference between “Void” and “Voidable”.”

“Laches” in Real Estate Disputes. Its Basically About Fairness.

“Laches” no, I don’t mean Latches.  In a legal sense, “laches” means failing to bring your claim in a timely manner and to the prejudice of the opposing party. A recent Michigan Court of Appeals decision highlights an example of “laches” in the context of real estate disputes and how delaying in bringing a claim inContinue reading ““Laches” in Real Estate Disputes. Its Basically About Fairness.”

Proposed Michigan House Bill 4264 Would Allow Consecutive Sentencing for Financial Exploitation of Vulnerable Adults

The elderly and otherwise vulnerable population are particularly susceptible to exploitation, financial and otherwise. A Proposed House Bill would give Judges the discretion to sentence perpetrators convicted of multiple offenses against vulnerable adults consecutively (back to back) as opposed to concurrently (at the same time).  This would provide Judges with the discretion to give these perpetratorsContinue reading “Proposed Michigan House Bill 4264 Would Allow Consecutive Sentencing for Financial Exploitation of Vulnerable Adults”

U.S. 6th Circuit: Mortgage Foreclosure is debt collection under the Fair Debt Collection Practices Act.

 The Fair Debt Collection Practice Act (“FDCPA”) is a consumer protection act that requires that debt collectors treat debtors fairly and prohibits certain methods of debt collection. Russell v Equifax ARS, 74 F3d 30, 33 (2d Cir 1996). Michigan has its own state statute, MCL 339.901 et seq., that mirrors the FDCPA. In the context ofContinue reading “U.S. 6th Circuit: Mortgage Foreclosure is debt collection under the Fair Debt Collection Practices Act.”

Lenders Foreclosing on Residential Mortgages Must Still Offer 90-Day Foreclosure Moratorium: Sunset is Extended to June 30, 2013

Lenders who were hoping the 90-day postponement on many foreclosure by advertisements would come to an end December 31, 2012 will have to wait another 6 months.  In 2009 the Legislature created a 90-day moratorium on foreclosure by advertisement to provide borrowers a chance to negotiate a loan modification with their lenders if the property was their principalContinue reading “Lenders Foreclosing on Residential Mortgages Must Still Offer 90-Day Foreclosure Moratorium: Sunset is Extended to June 30, 2013”