As Michigan’s housing market evolves, 2025 brings noteworthy legal and regulatory updates that could significantly impact your real estate transactions. Whether you’re buying, selling, or developing property, it’s essential to stay informed and prepared.
As we progress through 2025, Michigan’s real estate landscape is experiencing significant transformations that carry substantial implications for legal practitioners and their clients. Staying informed about these developments is crucial for navigating the evolving market effectively.
In the realm of property law, foreclosures can result in significant financial and emotional distress for homeowners. One critical aspect of the foreclosure process is the surplus claim, where taxpayers may claim any excess proceeds from the foreclosure sale after satisfying the debt.
Harry Ellman describes “Michigan Property Tax Surplus“
Navigating the payment process for real estate projects in Michigan can be complex, particularly for contractors. As a real estate attorney, I often advise contractors, property owners, and developers on the legal frameworks governing payments in construction and renovation projects. This article explores the essential aspects of contractor payments, highlighting the rights and responsibilities of… Read more »
Selling a home is a significant milestone, and while many homeowners consider the For Sale By Owner (FSBO) route to save on real estate commissions, it’s essential to understand the complexities involved in the process. In Michigan, the legal landscape surrounding real estate transactions has unique features that make the involvement of a real estate… Read more »
Harry Ellman describes “What NOT to do with Joint Tenants with Full Rights and Survivorship“
The recent Michigan Supreme Court ruled that the 2 year statute of limitations in the amended General Property Tax law is suspended to allow foreclosed taxpayers to file their claim with their county for the surplus paid to the county treasurer general fund. This applies to foreclosures that occurred before July of 2020. I have… Read more »
In Michigan, there are three options for Property ownership for unmarried and married couples: 1. Joint Tenants with Rights of Survivorship (JTWROS), 2. Joint Tenancy (JT), and 3. Tenants by Entireties (TBE)(married couples only). All three arrangements offer unique advantages and disadvantages, making it crucial for couples to understand the implications of their choice. In… Read more »
Trees should add beauty, shade, and perhaps even fresh fruit to your property. But far too often trees end up causing disputes between neighbors, especially when they grow to be fairly large and encroach on another property. If you’re a resident of the state of Michigan and neighbor has a tree that’s bothering you,… Read more »