Malta the Hidden Secret
Malta is a hidden secret for many and is truly stunning in its capture. Find out more about the islands real estate.
Dept. of Veterans Affairs Makes Site Condo Approval Easier
“Effective immediately, site condominiums in the state of Michigan will be processed in the same manner as a single family detached residence. VA will no longer review legal documentation for site condominiums. Lenders will be responsible for ensuring that any site condominium proposed as collateral for a VA-guaranteed loan meet requirements for the state of…
When Experts Disagree, Get Ready for a Fight
A new unpublished opinion of the Michigan Court of Appeals, Lake Area Group LLC v. Selbert, Not Reported in N.W.2d, 2017 WL 6542560, is an instructive example of what can happen if experts disagree about the safety of an element as constructed by a developer. The factual background from the decision reads as follows: “This…
A Roadmap to Discovering and Resolving Common Element Construction Defects
The improving real estate market has resulted in decreased home inventories, which has created an increased demand for new construction condominiums. Many potential purchasers will look to buy new construction condominium units with the expectation that the general common elements will be free from construction defects. This expectation often arises from two common myths. First,…
Purchasing a Condo as Your Primary Residence
By Robert Meisner In order to determine whether you are a good candidate for condominium living, you must understand the benefits and the disadvantages of condominium living. Those of us who are involved in the condominium industry will always agree on at least one thing. The biggest problem in the condominium setting is the condominium…
What You Should Know About Buying a Second Home
By Robert Meisner Many of you have already or are considering the purchase of a second home, presumably in a locale with pleasant year round temperatures. Buying a condominium or a second home in a location other than where you live as a primary residence can offer interesting challenges. There is always a tendency to…