Michigan Real Property Law News and Trends

Keep tabs on changes and applications of real property law in Michigan

An ever changing real estate market means adaptations to property law in Michigan. Lawmakers saw a need to change provisions in real estate laws regarding how and to whom to sell a piece of property due to the number of foreclosures on the rise nationwide in 2008 and 2009.

As a real estate investor or attorney, you need to know what changes to Michigan real estate law may arise, and the current interpretations of those laws, in order to perform your job successfully and within the confines of the law. There are several ways to stay informed of Michigan real property law news and trends, including:

1. Many attorneys write blogs about the application of Michigan real property law.

2. Updated publications and newsletters regarding property law in Michigan can be very helpful.

3. Consider membership in a real estate club in order to openly discuss real estate laws in MI.

 

Read blog posts regarding Michigan property laws

Most attorneys chose their career path in order to help others protect their rights. Attorneys who practice property law in MI are no exception. You will find several real estate attorneys willing to provide regular insight and advice for real estate investors regarding the laws that govern their business practices. Consider subscribing to a real estate attorney's blog -- you never know what golden nugget you may find.
Try: The Real Estate Law in Michigan blog, courtesy of Chris Williams of the law firm of Couzens, Lansky, Fealk, Ellis, Roeder & Lazar, is one of the most highly regarded in the state. Another option is the Michigan Foreclosure Report.

Monitor publications for changes to real estate laws in Michigan

It's a good idea to periodically visit the website containing all of the statutes and provisions regarding real estate laws in Michigan to look for any new regulations or changes to the old laws. These sites typically see updates a few times a year, depending on what changes occur. Also, look for publications or newsletters produced by state offices, because they should always note any changes made to the law.
Try: Chapters 554 to 570 of the Michigan Compiled Laws, provided by the Michigan Legislature, covers real estate laws. Subscribe to or access archives for the Michigan Real Property Review, a publication provided by the State Bar of Michigan.

Join a club to discuss Michigan real estate law with your peers

There are several real estate clubs available in the Michigan area. For the most part, these clubs gear toward real estate investors and brokers. Becoming a part of one such club will give you the opportunity to discuss news and trends in Michigan real property laws and how they affect fluctuations in the market, among many other things.
Try: REIClub provides a list of the available real estate clubs in Michigan, such as REIA of Macomb, which provides an interactive blog for its members to discuss real estate issues online, including the laws.

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