Real Estate, Environmental, and Construction

• A cautionary Tale for Residential Real Estate Professionals: Appraisal Contingency May Not Mean What you Intend

  February 16, 2015

  (February 16, 2015) Since the economic downturn and real estate mortgage crisis of 2008-09, it has become common for buyers and their agents to include a provision in a purchase offer for residential property which makes the agreement contingent upon the property appraising for an amount equal or greater to the purchase price. We have […]

• New Michigan Personal Property Tax Exemption Requirements

  January 26, 2015

  (January 26, 2015) The personal property tax reform mandated by Michigan voters by way of Proposal 1 last August is now in effect. This is welcome news for businesses, especially manufacturers. However, the new statutory provisions have their share of nuances and steps to take in order to benefit from the reform.  There are two main […]