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August 24, 2010

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Real Estate Resources

The best way to inform yourself about Michigan Real Estate Law and Real Estate related topics. Our Real Estate Resource Center includes the following sites for your personal use:

Are you currently looking to purchase Michigan real estate? If so, contact one of our experienced Michigan real estate lawyers today!

Did You Know?

Three theories exist regarding who has legal title to a mortgaged property
Under the title theory title to the security interest rests with the mortgagee. Most states, however, follow the lien theory under which the legal title remains with the mortgagor unless there is foreclosure. Finally, the intermediate theory applies the lien theory until there is a default on the mortgage whereupon the title theory applies.

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	News about real estate cases in Michigan and nationwide: New CFA Analysis of Real Estate Cartel Explains How It Can Set Prices New CFA Analysis of Real Estate Cartel Explains How It Can Set Prices WASHINGTON - June 19 - This morning, the Con... Read more > Houston Housing Sales Heat Up With Pre-Summer Temperatures March Brings in Record-Breaking Home Sales and Out-Performs the U.S. HOUSTON — (April 25, 2006) — March home sales in the great... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

Lease purchase

Definition:
Assists low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.

Fair market value

Definition:
The hypothetical price that a willing buyer and seller will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.

Bankruptcy

Definition:
A federal law Whereby a person's assets are turned over to a trustee and used to pay off outstanding debts; this usually occurs when someone owes more than they have the ability to repay.

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Real Estate Resources

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Michigan Real Estate Attorney

If you live in the following cities and need an real estate attorney you should contact our Real Estate Attorney as soon as possible:

Adrian
Ann Arbor
Battle Creek
Bay City
Belleville
Canton
Clinton Township
Dearborn
Dearborn Heights
Detroit
East Lansing
Flint
Grand Blanc
Grand Rapids
Hamtramck
Highland Park
Holland
Howell
Jackson
Lansing
Lincoln Park

Livonia
Macomb
Mount Pleasant
Muskegon
Niles
Northville
Plymouth
Port Huron
Redford
Rochester
Roseville
Saginaw
Sterling Heights
Taylor
Traverse City
Trenton
Troy
Warren
Westland
Wyandotte
Ypsilanti

Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Michigan Real Estate Lawyers.com is not intended to be real estate advice, but merely conveys general information related to real estate issues commonly encountered.

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