Tag: Foreclosure

Demorest Law Firm, PLLC logo image

Michigan Court of Appeals Holds that Condominium Association Board of Directors Has Capacity to Sue for Foreclosure of Property

In Channel View East Condominium Association, Inc. v. Gregory Ferguson, unpublished per curiam opinion of the Court of...

Demorest Law Firm, PLLC logo image

New Michigan Law Allows County Treasurers to Continue to Offer Tax Foreclosure Avoidance Agreements to Property Owners with Delinquent Taxes

On June 26, 2019, Michigan’s House Bill 4121 to amend Michigan’s General Property Tax Act was approved and...

Demorest Law Firm, PLLC logo image

Parties May Not Be Contractually Bound to Tax Repayment Plans

Debtors interested in entering repayment plans to limit a secured party’s ability to foreclose on outstanding tax debt...

Demorest Law Firm, PLLC logo image

Right To Recover Surplus Proceeds Is Not Relinquished At Foreclosure Sale

A recent court decision in In Re $55,336.17 Surplus Funds; MiLW No. 07-94649 cemented the interpretation of MCL...

Demorest Law Firm, PLLC logo image

Foreclosed Homeowners Manage to Find a Buyer before Redemption Date yet Still Lose

The Michigan Court of Appeals recently handed down a decision in Johnston, et. al. v. Sterling Mortgage Investment...

Demorest Law Firm, PLLC logo image

Michigan Supreme Court Sets a New Precedent Regarding the Full Credit Bid Rule

On April 13, 2016, in Bank of America, NA v. First American Title Ins. Co., Docket No. 149599,...

Demorest Law Firm, PLLC logo image

New Creditor-Friendly Redemption Statute Takes Effect January 10, 2014

Redemption is the period after a foreclosed home has been sold at a foreclosure sale, when the homeowner...

Demorest Law Firm, PLLC logo image

Court of Appeals: One Action Rule Sometimes Prevents Collection on Guaranty

Under Michigan law, the one-action rule prohibits mortgage holders from collecting in multiple ways. Under the rule, a...

Demorest Law Firm, PLLC logo image

Michigan Court of Appeals: Five-Foot Tall PVC Pipes Are Physical Improvements, Giving Priority to the Drilling Company’s Construction Lien

One of the more technical areas of real estate law concerns liens. The most common lien that people...

Demorest Law Firm, PLLC logo image

Michigan Court of Appeals Declines To Expand Definition of Owner Under Michigan Homestead Act

In a recent case, Rule v US Bank, the Michigan Court of Appeals declined to broaden the definition...

Recent Posts
Categories
Categories
Archives
Archives