foreclosure – Page 2 – Purpose Driven General Counsel

Real Estate Law Update: Investors Purchasing at Foreclosure – Take Care in Handling Personal Property Left at the Property.

Today I am posting about a Court of Appeals case decided on April 25, 2017 – Suzor v Kamlay Foreclosed Property = high risk/high reward. Real estate investors are always wary of the many pitfalls when purchasing property at foreclosure. I’ve previously posted on problems when someone is still occupying the Property after foreclosure. The latest case talksContinue reading “Real Estate Law Update: Investors Purchasing at Foreclosure – Take Care in Handling Personal Property Left at the Property.”

Michigan Real Estate Law Update: Investors: If you Intend to Redeem, Better Record that Deed.

Happy New Year! A brief Michigan Legislative Update that affects real estate investors. HB 5795 was passed into law on December 29, 2014 and given immediate effect. The law amends the redemption from foreclosure statute. MCL 600.3140. See the legislative analysis of the House Bill here Purchasing Property at (and after) Foreclosure. Under the prior language, anyone “lawfullyContinue reading “Michigan Real Estate Law Update: Investors: If you Intend to Redeem, Better Record that Deed.”