James from South Lyon wrote in last week. He and his wife are buying a new construction home in South Lyon, MI. They are having a major disagreement with the builder about the integrity of the foundation. They don't want to move forward and they want their $55,000...

This week's question comes from James in Gross Pointe, Michigan who writes, "I co-signed on a commercial loan for a business that is owned by both my daugher and my son in law back in 2010. Now, they are getting divorced. No one! has paid on the loan since they filed...

This question comes from Emilio out of Shelby Township who asks: "My wife and I were divorced in 2013. My wife was awarded the home in the divorce, provided that she refinance my interest off the home with in two years after the divorce. The divorce decree does not...

Today's question concerns a notice of mortgage foreclosure for a commercial property. Just so you know commercial property, like residential property can also be foreclosed upon. The question today comes from Scott S. of Shelby Township who owns a restaurant and the...

This question comes from Sarah Milner who I actually had met last week at a real estate investor function. Sarah asks if there is anything wrong with sharing legal forms between friend and colleagues, after all, they're free!! There is not a day that goes by that...

Today's question comes from Frank Teo of Oxford. He asks, "As an investor in real estate, why wouldn't I save money using legal forms off the internet instead of hiring a real estate attorney. The internet makes it easy to go online and download a legal form. Need a...

As a Michigan real estate and finance attorney for almost 30 years now, I've dealt with mortgage and financial disputes between borrowers and lenders. Years ago the lending environment was very easy to maneuver and there were very few, if any, federal regulations that...

It never ceases to amaze me when somebody engaging in a real estate transaction or a loan agreement, prefers to write up their own documents without the benefit of a licensed and experienced real estate attorney. Instead, what they're willing to do is buy a building,...

There are many reasons why you may want or even need to terminate a contract. There are several legal ways that you can go about terminating a contract. Today I'm just going to discuss briefly nine or 10 ways that you can go about terminating a contract legally, but...