Legal Update: Legislation that Real Estate Investors, Landlords and Veterans Should Keep Tabs on in the New Year.

It is a beautiful and cold afternoon in downtown Grand Rapids today. We head into 2018 with some Michigan Bills that affect Real Estate Investors, Landlords and Veterans. Veterans. The Michigan Legislature is pushing hard to protect those who have served our country. Yesterday MLive posted that the Michigan Legislature is taking up some 50 billsContinue reading “Legal Update: Legislation that Real Estate Investors, Landlords and Veterans Should Keep Tabs on in the New Year.”

Thursday Thoughts: A Call to Living a More Fearless Life.

This morning, as I do most every morning, I was reading a devotional by author and Pastor Tim Keller – I would recommend this devotional to anyone. This topic hit me today. Fear. If we are honest with ourselves, we all have moments where we are fearful. I can safely say that during the lastContinue reading “Thursday Thoughts: A Call to Living a More Fearless Life.”

A “Fierce Urgency.”​ Reflections on Community Development/Affordable Housing.

“We are now faced with the fact that tomorrow is today. We are confronted with the fierce urgency of now. In this unfolding conundrum of life and history, there “is” such a thing as being too late. This is no time for apathy or complacency. This is a time for vigorous and positive action.” –Continue reading “A “Fierce Urgency.”​ Reflections on Community Development/Affordable Housing.”

Business Law Update: Key Terms to Consider in Business Contracts.

If you’ve followed my posts for any amount of time, you probably aren’t surprised that I  like reading and writing about the latest Michigan court cases. Particularly if they are relevant to business or real estate. I always find there are some lessons to be learned. As another aside – I also like to includeContinue reading “Business Law Update: Key Terms to Consider in Business Contracts.”

Real Estate Law Update: Recently Enacted Michigan Legislation Abolishes Dower Right.

  A few days ago Governor Snyder signed into law 21 Bills, including Senate Bills 588 and 560 that abolish a surviving wife’s dower right. The measures are now Public Acts 489 and 490 of 2016. This is good news since dower right is a relic of the past, sometimes referred to as an “inchoateContinue reading “Real Estate Law Update: Recently Enacted Michigan Legislation Abolishes Dower Right.”

Special Purpose National Bank Charters for #Fintech Companies

Today, Thomas J. Curry, Comptroller of the Currency gave remarks at Georgetown Law School about Special Purpose National Bank Charters for Fintech Companies. You can read the remarks here. Mr. Curry announced that the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose nationalContinue reading “Special Purpose National Bank Charters for #Fintech Companies”

Real Estate Law Update: A Holdover after Foreclosure Sale Is Not a Tenant.

Happy Friday!   Today I am posting about a Court of Appeals case decided on November 1st – Seymore v Adams Realty, et al Foreclosed Property = high risk/high reward. Real estate investors are always wary of the many pitfalls when purchasing property at foreclosure. The Adams Realty Case provides an example of what happens when someoneContinue reading “Real Estate Law Update: A Holdover after Foreclosure Sale Is Not a Tenant.”

Real Estate Case Law: Tenants in Common v Tenants with Full Rights of Survivorship – A Potentially Costly Distinction.

This morning I read a court of appeals decision that came out on October 18 – it provides a classic example of why you need to take care in drafting real estate documents.   The case: In Re Estate of Lyle Steiner Facts are relatively straight forward: In 2007, Tuscan Plaza Condominiums, LLC, conveyed aContinue reading “Real Estate Case Law: Tenants in Common v Tenants with Full Rights of Survivorship – A Potentially Costly Distinction.”

Trending Towards Social Entrepreneurship: Update on Michigan’s Benefit Corporation Legislation.

  House Bills 5710, 5711 & 5712 were introduced on May 31, that would allow BCorps to be formed under Michigan Law. Although the State House has taken no formal action since June 1, in late September the House Fiscal Agency issued a Fiscal Analysis on the BCorp bills, check it out here. The AnalysisContinue reading “Trending Towards Social Entrepreneurship: Update on Michigan’s Benefit Corporation Legislation.”