Mortgage giants Fannie Mae and Freddie Mac will pay the state of Michigan and Oakland County millions of dollars to make up for unpaid real estate transfer taxes. The companies had previously contended that they were exempt from the tax, but the court ruled that they...
Despite unfavorable housing data for 2012, market-watchers are saying there are signs of an improving real estate market. Experts from prominent ratings agency Moody's told reporters this week that even though some indicators are down, optimism is up.Construction...
A Los Angeles Superior Court Judge will decide who will control Zsa Zsa Gabor's estate finances and medical care decisions. Last week Ms. Gabor's only daughter, Constance Francesca Gabor Hilton, filed a petition with the court to request a court controlled...
The relationship between a landlord and a tenant can be complex. On one hand, both parties stand to gain if they are able to work well together in the long term. The renter will ideally enjoy a prompt response to repair requests and the landlord will have someone who...
What if, instead of re-selling a foreclosed property, the bank decided a renovate it and become a landlord? This could become the norm, as more and more investment banks have begun bidding on large pools of foreclosed properties and converting them in to rental...
Disagreements are a normal part of family life; however there comes a time when you want to document your decisions regarding the person you trust the most to handle your estate and make certain decisions on your behalf should you become unable to communicate your...
A prominent building in downtown Grand Rapids was purchased for an undisclosed sum by local developers last week. It is more than 100 years old and is one of the area's oldest Masonic Lodge temples.The building is located near the entertainment and business districts....
No doubt Michiganders have heard about the 81-year-old woman who won over $336.4 million in a Powerball jackpot last week, and all thanks to a family member who had a craving for something sweet. Asked if she wanted anything from the store the woman decided she would...
Renters have filed a suit against a landlord who requires them to pay their rent online. The tenants' suit claims that the online payments are a pretense to get rid of the lower income renters in the building that benefit from rent-stabilization. Many older residents...
Each mortgage contains a small hidden fee, known as the guarantee fee, or "G-fee." The fee has been silently included in mortgages for more than 30 years, and Congress has recently mandated an increase. It is not clear at this time when the increase will take effect,...
