You are a Michigan resident and spend most of your time here. However, you really do not like Michigan winters. You spend three or four months each year in a warmer climate, such as Florida or Arizona. Extended stays in …
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Can You Find Your Title Inusrance Policy
When you bought your home, especially if it has been purchased in the last 30 years or so, you most likely had included in your purchase agreement that the seller provide title insurance for the transaction. The title insurance premium …
Survey
Last week we discussed buying a home. When buying a home, an issue which should be addressed is verifying which real estate you are getting with the purchase. One of the best ways, if not the best way, to exactly …
Buying a Home
You may be looking to buy a new home. A common mistake many people make after finding a home they like, is to sign a purchase agreement, also called an offer to purchase, and then bring the signed agreement to …
Reverse Mortgages
You have probably heard about reverse mortgages. But do you really know what they are the circumstances in which you would use them. There are several different types of reverse mortgages. Since it is reported that more than 99% of …
Tax Deferred Exchanges
The real estate market is starting to pick up again. Prices are rising. You have decided to sell the rental or other business or investment property you have owned for years. You have been holding off selling because you have …
Getting Rid of Your Timeshare
You’re on vacation, or maybe even your honeymoon, at a wonderful resort. You are offered a free night of your stay if you sit through a two hour presentation. You could actually buy a piece of the resort in one …
Unrecorded Deeds Bad Bad Bad
“I want my house to go to my kids after I die, but want to avoid probate. Can’t I just sign a deed now that transfers the house to the kids and keep it with my other important papers along …
Elements of a Deed
The last few weeks, we have discussed the different types of deeds, the different types of ownership interests of a deed and the rights of deed co-owners. Today we will discuss the different parts of a deed. Most deeds start …
Deed Interests of Multiple Owners
The last two weeks, we have discussed different types of deeds and ownership interests. We have also been discussing how a small change in the words used on a deed can make a huge difference in the ownership interest conveyed …