Summer is going fast. I read a Court of Appeals decision that prompted me to write on the topic concerning real estate investors. The market to purchase distressed real estate has become extremely competitive since 2008-09. Having multiple real estate investors bidding on properties can cause some serious problems. Some lenders/investors have tried some creativeContinue reading “Michigan Legal Update for Real Estate Investors: What Happens to a Surplus after Foreclosure Sale?”
Tag Archives: foreclosure
Real Estate Investors Bidding at Foreclosure Sale: What Happens to a “Surplus?”
It is a snowy day today in Grand Rapids. If you are on the roads, drive safe! Last week I read a Court of Appeals decision that prompted me to write on the topic concerning real estate investors. The market to purchase distressed real estate has become extremely competitive since 2008-09. Having multipleContinue reading “Real Estate Investors Bidding at Foreclosure Sale: What Happens to a “Surplus?””
Legal Update for Real Estate Investors Bidding at Foreclosure Sales.
Happy Friday, all. Here’s a photo I took from this morning. Although the weather looks to be clearing up a little downtown this afternoon… Real Estate Investors Bidding at Foreclosure Sale. Real estate investors and lenders are under pressure to “get it right” when bidding at sheriff sales, especially in a real estate marketContinue reading “Legal Update for Real Estate Investors Bidding at Foreclosure Sales.”
Real Estate Law Update for Investors and Lenders: Court of Appeals Holds “Admittedly Curious Practice” “Expungement Affidavit” is Not Permitted under Statute.
Happy Friday, all! I took this photo today – the sun is shining and it is starting to feel like spring. In what was already a shocking day for a major lender, Wells Fargo, the Michigan Court of Appeals, in a case of binding precedent, invalidated an efficient tool lenders and investors routinelyContinue reading “Real Estate Law Update for Investors and Lenders: Court of Appeals Holds “Admittedly Curious Practice” “Expungement Affidavit” is Not Permitted under Statute.”
Legal Update for Real Estate Investors: Fraud, Harassment, and a Bill to Penalize Falsely Representing Need for a Service Animal.
A beautiful end to Tuesday. Here’s a profound truth those in the real estate industry will readily acknowledge: Owning and Managing Real Estate is uniquely challenging. I hear it from my Property Owner/Manager clients. I experience it when I am involved in negotiating in landlord/tenant disputes. If you own or manage investment real estate, youContinue reading “Legal Update for Real Estate Investors: Fraud, Harassment, and a Bill to Penalize Falsely Representing Need for a Service Animal.”
Real Estate Law Update: Real Estate Investors Be Careful When Interacting with Occupants of Foreclosed Property.
It is a rainy Monday afternoon. It has been dark all day long. I took this picture earlier today and the rain isn’t letting up. As a way to distract from the gloomy weather I thought it might be a good opportunity to share some of my thoughts about a court case that came out aContinue reading “Real Estate Law Update: Real Estate Investors Be Careful When Interacting with Occupants of Foreclosed Property.”
Real Estate Investors: In Your Efforts to Make a Profit Be Wary of Cutting Corners.
Let me illustrate a picture for you: Let’s say you are a real estate investor. You show up for a foreclosure sale. There are several people present to bid on a specific piece of property. One of those guys winks at you, motions you to come over (in a clandestine sort of way). The guyContinue reading “Real Estate Investors: In Your Efforts to Make a Profit Be Wary of Cutting Corners.”
Cautionary Tale for Real Estate Investors: Yesterday California Investor Sentenced to Prison for Bid Rigging at Foreclosure Sales.
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.”
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.”
Warning for Real Estate Investors: Three Northern California Real Estate Investors Convicted of Rigging Bids at Public Foreclosure Auctions
There are many pitfalls for real estate investors who purchase distressed property. In today’s market, good deals are getting harder to come by. With distressed property becoming a scarce resource and competition ever increasing, some real estate investors have resorted to illegal acts to boost their profit. Investors should know that the Department of JusticeContinue reading “Warning for Real Estate Investors: Three Northern California Real Estate Investors Convicted of Rigging Bids at Public Foreclosure Auctions”
Purpose Driven General Counsel 