Happy Friday, all! Real Estate Investors and anyone involved in the foreclosure process is aware that a “full credit bid” at the foreclosure sale by the bank/mortgage holder “extinguishes the underlying debt.” You can check out my prior posts on this subject. A case that has been on appeal for years is Bank of AmericaContinue reading “Real Estate Law Update: Michigan Supreme Court Holds Full Credit Bid did not Bar Contract Claim against Third-Party.”
Tag Archives: rental property
Michigan Real Estate Law Update: Landlords May Send Eviction Notice by E-mail
Happy Friday! I’ve previously posted on the Michigan Bill introduced in the House that would allow Landlords to send Tenants eviction notices by E-mail – check out that article here Yesterday, the Governor signed the Bill into Law. The Story was reported by the Midland Daily News The Law allows service via e-mail based uponContinue reading “Michigan Real Estate Law Update: Landlords May Send Eviction Notice by E-mail”
New Michigan Bill: Investment Property Owners Should Keep Track of this “Bed Bug Bill”
Last Thursday a class action case against a Real Estate Owner reached a settlement involving payment of over $2 Million to 100 tenants – ABAJournal reports that story here One of the primary complaints was that “the 26-unit building had a massive cockroach infestation.” Infestations are an issue for every property manager or owner ofContinue reading “New Michigan Bill: Investment Property Owners Should Keep Track of this “Bed Bug Bill””
Michigan Real estate law update: House Passes “Notice to Evict by E-mail” Bill
Happy March Madness Friday! Yesterday House Bill 4038 allowing eviction notices to be sent to residential tenants by e-mail passed the Michigan House. Now on to the Senate. You can check out the latest Legislative Analysis here The Passed Bill looks a bit more complicated (as anticipated) than the original bill that was proposed backContinue reading “Michigan Real estate law update: House Passes “Notice to Evict by E-mail” Bill”
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.”
Purpose Driven General Counsel 