New Estate Planning Seminar Dates! Please Join Us

March 19th, 2013

Seminar_flyer_March 2013

New Estate Planning Seminar Dates!!!!

February 20th, 2013

2013 February Flyer

Attorney Review of Real Estate Transactions

January 16th, 2013

Buying and selling real estate is one of the most important and potentially rewarding situations but also one of the most complicated decisions that one can enter into; usually with significant financial implications. In any real estate deal, both Buyer and Seller must review multiple complex documents, including legally binding papers, requiring signatures. Who is explaining your responsibilities as you sign these legal documents? Who’s looking out for your best interest?

We hear frequently from Buyers and Sellers that the one factor missing in their transaction is the peace of mind of understanding the responsibilities and ramifications of their real estate deal. Many feel that no one adequately advised them.

Real estate sales professionals can provide sales services but it is against the law for them to provide legal advice. While they are proficient in their field of sales, they are not equipped to guide in the particularities of contract law (nor should they…). Like any sales profession they are motivated by a commission. The same can be said about any non-attorneys in the transaction (lenders, inspectors, etc.). While they may be well versed in their field, they cannot render legal advice. Remember your legal responsibilities are not their concern.

When spending thousands of dollars or hundreds of thousands of dollars, a few hundred dollars for review of your purchase agreement or better yet, drafting your purchase agreement, would be some of the best money you have spent within that transaction.

Contact us for this valuable service and Happy House Hunting!

Eddie Hudson- ehudson@hudsonwhite.com or call me at (248) 677-1828

 

New Estate Planning Seminars for Winter 2013

January 8th, 2013

We are starting a new estate planning seminar series for 2013. This seminar series will focus on the basics of estate planning and the importance of having your own customized plan. These seminars will also dispel the notion that you must be a millionaire to have an estate plan. I strongly urge you to attend a session hosted by Jennifer Latimer in our office. She is well-versed in this area of practice and can meet your estate planning needs. If you want to reserve a spot or have any questions, please call us at 248.850.2422. We hope to see you there.

Seminar Dates are:

 

Tuesday January 29, 2013 at 7pm at Warren Civic Center

Wednesday January 30, 2013 at 7pm at Royal Oak Library

Thursday January 31, 2013 at 12:30pm at Royal Oak Library

Saturday February 2, 2013 at 10:30am at Royal Oak Library

Quiet Title Actions for the Foreign Investor in Detroit

October 29th, 2012

Quiet Title Actions in Michigan

 

Some Considerations for the Foreign Investor in Detroit….

The Wayne County Tax Auction of Property is coming to a close and many local and foreign investors may want to consider filing a Quiet Title Action for those properties acquired through the auction. To quiet title, the Investor must prove it has title to the property which is superior to the title claims of all other persons with an interest in the property.

If the Investor fails to make a prima facie case of title, judgment may be entered for defendant. Once the Investor makes a prima facie case, the defendant(s) must prove a superior right or title.

Property purchased at a tax foreclosure sale:  Purchasers of property from a foreclosing governmental unit following property tax foreclosure may need to complete a quiet title action in order to obtain title that a title insurance company will insure.  Furthermore, MCL 211.79a contains special provisions for quieting title to “abandoned property” purchased at a tax foreclosure sale.

Recording Judgment:  The judgment quieting title may be recorded, pursuant to MCL 600.2935.  It may be useful to include language in the judgment stating that the Investor may use the judgment with the effect of a deed for any purpose necessary to transfer, sell, convey, or occupy the property.

If you are a foreign investor looking to do business in the Metropolitan Detroit area, this is just one of many items that can be important and integral to your investments here. If you have questions, Contact Edward Hudson or Nathan White in our office.