Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
In Channel View East Condominium Association, Inc. v. Gregory Ferguson, unpublished per curiam opinion of the Court of Appeals, issued July 2, 2019 (No. 344149), the Michigan Court of Appeals …
Michigan Court of Appeals Holds that Condominium Association Board of Directors Has Capacity to Sue for Foreclosure of Property Read MoreOn June 26, 2019, Michigan’s House Bill 4121 to amend Michigan’s General Property Tax Act was approved and went into immediate effect. The purpose of the Bill was to repeal …
New Michigan Law Allows County Treasurers to Continue to Offer Tax Foreclosure Avoidance Agreements to Property Owners with Delinquent Taxes Read MoreDebtors interested in entering repayment plans to limit a secured party’s ability to foreclose on outstanding tax debt should pay close attention to Lancaster & York v. Oakland County Treasurer, …
Parties May Not Be Contractually Bound to Tax Repayment Plans Read MoreA recent court decision in In Re $55,336.17 Surplus Funds; MiLW No. 07-94649 cemented the interpretation of MCL 600.3252 insofar as junior mortgagees maintain a legal right to claim any …
Right To Recover Surplus Proceeds Is Not Relinquished At Foreclosure Sale Read MoreThe Michigan Court of Appeals recently handed down a decision in Johnston, et. al. v. Sterling Mortgage Investment Co. et. al., Docket No. 324855 which involved a couple who had …
Foreclosed Homeowners Manage to Find a Buyer before Redemption Date yet Still Lose Read MoreOn April 13, 2016, in Bank of America, NA v. First American Title Ins. Co., Docket No. 149599, the Supreme Court of Michigan held that the “full credit bid” rule …
Michigan Supreme Court Sets a New Precedent Regarding the Full Credit Bid Rule Read MoreRedemption is the period after a foreclosed home has been sold at a foreclosure sale, when the homeowner can still reclaim their home. Currently, Michigan law provides different redemption periods …
New Creditor-Friendly Redemption Statute Takes Effect January 10, 2014 Read MoreUnder Michigan law, the one-action rule prohibits mortgage holders from collecting in multiple ways. Under the rule, a mortgagee who forecloses on property may not file another action or proceeding …
Court of Appeals: One Action Rule Sometimes Prevents Collection on Guaranty Read MoreOne of the more technical areas of real estate law concerns liens. The most common lien that people are familiar with is home mortgages. Mortgages give lenders the right to …
Michigan Court of Appeals: Five-Foot Tall PVC Pipes Are Physical Improvements, Giving Priority to the Drilling Company’s Construction Lien Read MoreIn a recent case, Rule v US Bank, the Michigan Court of Appeals declined to broaden the definition of “Owner” under MCL § 600.6023(1)(h). In 1999, the plaintiff, Wanda, became …
Michigan Court of Appeals Declines To Expand Definition of Owner Under Michigan Homestead Act Read More