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.”
Tag Archives: redemption
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.”
Real Estate Investors: Recent Case Law Highlights Certain Pitfalls of Purchasing at Sheriff Sales
Those who pick up properties at sheriff sales know there are pitfalls to watch out for. A recent Michigan Court of Appeals unpublished case highlights one of those pitfalls The case is WW Michigan Properties v Repokis, No. 316555, 2014 WL 4723822 (Mich Ct App September 23, 2014). Facts: Daryl and his ex-wife, Karen Repokis, ownedContinue reading “Real Estate Investors: Recent Case Law Highlights Certain Pitfalls of Purchasing at Sheriff Sales”
Purpose Driven General Counsel 