» Real Estate
New Law Allows for Greater Flexibility for Mobile Home Owners in Certain Instances
June 9, 2022
Gov. Gretchen Whitmer recently signed a bill into law that will provide an easier and cost-effective way to establish that an owner’s mobile home is affixed to his or her real property. The law amends the Mobile Home Commission Act to prescribe a p…
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Categories: Real Estate
New Law Allows Landlords the Option to Increase Referral Fees
May 2, 2022
A new law allows landlords the option to offer a higher referral fee to those who bring in new tenants. House Bill 4693, which was recently signed into law, amends the Michigan Occupational Code to increase the maximum amount of a referral fee that m…
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Categories: Real Estate
COVID-19 Pandemic and its Impact on Property Tax Assessment and Appeals
February 9, 2021
Real property owners in Michigan may wonder what impact COVID-19 has had on their property tax assessments. According to the Tax Policy Center, past pandemics have caused housing prices to decline, although not to the same low as income and sales tax…
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Newer Law Extends Commercial Tax Abatements Through 2025
January 20, 2021
A law, signed into effect in October of 2020, amends the Commercial Rehabilitation Act and the Commercial Redevelopment Act so that the granting of property tax abatements for qualified businesses continues through Dec. 31, 2025. Commercial Rehabilit…
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Federal Housing Finance Agency Extends Foreclosure and REO Eviction Moratoriums
September 2, 2020
To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) has extended the moratoriums on single-family foreclosures…
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Failure to Heed Public Act 572 of 2018 and its Amendments to the Michigan Marketable Record Title Act May Result in Lost Title
July 29, 2019
Without notice to preserve your interests, real property owners in Michigan may find their rights extinguished and titles lost simply by the passage of time.
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Categories: Real Estate
New Law Changes Practice of Register of Deeds in Michigan
July 18, 2017
On June 15, 2017 the Governor signed House Bill 4532 into law as Public Act 54 of 2017. This law is made effective as of June 15, 2017 and provides that Register of Deeds shall no longer require documents submitted for recording to identify the marit…
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Categories: Real Estate
