Legal Update from
Your Legal Resource

 May 2011

Lori T. Williams, Esq.

Owner/Managing Attorney

P.O. Box 1552

Birmingham, MI  48012-1552 

248-594-4470

[email protected]

www.bestlegalresource.com

Article 1:  Real Estate Update on short sales, loan modifications, foreclosures

By: Lori T. Williams, Esq.

I interviewed several local professionals in the real estate industry to learn their perspectives on our local real estate market. Attorney Ken Gross commented on the recent Michigan Court of Appeals decision, Residential Funding Co. v Saurman.  "The Court held that foreclosures conducted by advertisement (the typical manner) in the name of Mortgage Electronic Registration System (MERS) as the mortgagee rather than the true lender, are invalid. This situation applies to many of the foreclosures that have occurred in Michigan. This decision means if someone has already had their home foreclosed and is in their 6 month redemption period, they now have a defense that can be used to challenge the foreclosure and make the lender start over. Better yet, in this situation, if the borrower missed the opportunity to seek a modification, they may again have another chance. While the case may be appealed or the legislature could act to limit the decision - for now, for once, something good has come to help the Michigan homeowner in the war to save their home."

Local realtors and loss mitigation specialists commented about how their clients are impacted by the latest rules and procedures involving short sales, loan modifications and foreclosures.  Additionally, a home staging specialist shared the benefits of home staging to the homeowner (in the case of a traditional sale) or bank (in the case of a foreclosure), in terms of increased sale price and shortened time on market.   

Click here to read full article.   

Post your comments to our blog here.   

Article 2:  Brownfield Tax Credits, Good for Michigan

By:  Lori T. Williams, Esq.

I interviewed Attorney Arthur Siegal, who is an environmental attorney at Jaffe. Arthur is passionate about Green Energy and Brownfield Redevelopment and its impact on local properties.  He shares his perspective on the Brownfield Tax Credits, which are in danger of elimination under Governor Snyder's Budget proposal.

Click here to read the full article.  

Click here to post your comments to this blog.   

Did you know....

Real Estate lawyers focus on different things in their practice.  Some handle traditional sales and purchases, others focus on short sales and loan modifications, some handle landlord tenant matters, and others specialize in environmental law and its impact on real estate.

If you need a good real estate attorney or other type of lawyer, call me for a referral.  As a 22 year attorney, I take the guess work out of hiring a professional, because I connect you with the right specialist for your situation.  Call me today for a free referral at 248-594-4470.

                               ____________________

Most people know when they need an attorney, and they might even know an attorney or two.  Yet, often they don't know how to find the right attorney for their situation. 

75% of Americans hire an attorney recommended by their family.  

65% of them are unhappy with the services that attorney provided.

Don't you deserve better Odds than that? 

Attorney Lori Williams has put together a large network of lawyers she personally knows and has worked with over the past 20 years, who are located throughout Metro Detroit, and are ready to serve you.  Each lawyer has experience (10-30 years) in their particular area of law, and will handle your legal issues promptly, professionally and affordably.  You'll receive a FREE referral to the right attorney for you, whether it be for personal legal services as an individual, or for your small business. 

Our team of specialists cover all the areas of law in Metro Detroit, including:

-Real Estate (including Foreclosures/Loan Modifications/Landlord Tenant matters);  

-Business Law (Set up a corporation or  LLC; protect intellectual property through patents, trademarks, copyrights; draft/review contracts or operating agreements or licensing agreements for your business; tax planning, etc.);

  
 -Family Law (divorce/custody/support);

-Personal Injury;   

-Workers Compensation;

-Social Security Disability;

-Malpractice;

-Bankruptcy;   

-Employment Law;

-Etc.

Call today for a free consultation and referral

 and get the legal help you need!  

248-594-4470  

Our Services:

Lori T. Williams is a 22 year attorney and the owner of a legal referral and legal consulting business knows as Your Legal Resource.  She connects the right client in need of legal advice or representation with the right attorney.  Her team of attorneys cover all areas of law throughout Metro Detroit.

Lori also helps solo/small firm attorneys and other professionals start and grow their practices by effectively branding and marketing themselves,  

mastering networking, and creating effective strategic relationships to generate clients and revenue.

Your referrals are the heart and soul of our business and we are very grateful for them.  Call us today if you know anyone in need of legal advice or any attorneys looking to grow their practice.

Testimonials:

For legal referrals:  

"Dear Lori:

Thank you for providing names of experienced lawyers who could help us with a non-traditional purchase of a house. We are recent transplants to South Eastern Michigan and had no clue whom to call when the need arose. After many frustrating phone calls to lawyers using the telephone directory we realized this method was not working...and time was of the essence if we were going to buy the house of our dreams. Fortunate for us our bank representative suggested we contact you.

The firm you recommended specialized in property law and they returned our call right away. We were able to make an appointment and draft an agreement quickly. It turned out that there were serious complications so it was valuable that we had experienced behind us. We are really pleased that you recommended just the right firm to handle the paperwork and give us advice, advice that saved us literally thousands of dollars.

Legal matters are stressful for the layperson, but with your help we were in good hands. It was also comforting to know you could provide us with options should the need have risen. You followed up even after knowing we were satisfied, it let us know that you value your clients. For any future legal needs you can be sure we will be calling on you again and will recommend your services to our family and friends.

We will be closing on our new home within a week and wanted to let you know you were instrumental in making it happen. Thanks again.

Best Regards, David and Alexis Dunmire"

For consulting services:

"Thank you Lori for all of you help!  Your advice and wisdom has put me on track for success!"

Veronica Leonard, Family Law Attorney 

For a FREE consultation and a legal referral, or a FREE marketing assessment of your business,

Lori T. Williams, Esq.

Owner/Managing Attorney

Your Legal Resource, PLLC
P.O. Box 1552
Birmingham, Michigan 48012-1552
248-594-4470 

[email protected]

www.bestlegalresource.com
twitter.com/loritwilliams