By C. Leslie Banas, Chair
Welcome to the inaugural issue of the Real Property Law Section's e-newsletter! We've designed and constructed the "shell." We've included topic "fixtures" that we'll cover in each issue. To check out our current "inventory" of stories and announcements—read on. And plan to read forthcoming issues—new "inventory" will be available monthly.
How to Help a Zombie Homeowner
By Howard A. Lax, Partner, Lipson, Neilson, Cole, Seltzer & Garin, PC
The subprime crisis is over, the Alt-A crisis looms, and our 16% effective unemployment rate is wrecking havoc in everyone's neighborhood. You are probably fielding several calls per week from desperate homeowners not able to make their next mortgage payment. While few can pay for your services, here are the easy answers that will help you ease their angst:
Where to go for help:
For more information regarding these topics, join Howard Lax at his Roundtable Discussion at the 2009 RPLS Summer Conference: Isles of Prosperity.
2009 Summer Conference
Isles of Prosperity
Date: July 15-18, 2009
Program and registration information available on the Section website.
Topics of Interest
Thank you to Dawn M. Patterson of United General, a division of First American Title Insurance Company and Lorri B. King, the Law Offices of King & King PLLC for planning this program.
Current Case—New Legislation (2 Bills)
By Mark Krysinski, Jaffe Raitt Heuer & Weiss PC
Want to get annoyed about what the Michigan Legislature is doing to your practice? Check out these two pending bills.
If you want to let your friends and acquaintances practice law without a license, tell them to go work for a property management company. Then pray for the passage of HB 4869 which would permit property managers to represent landlords in eviction proceedings. Personally, I want a bill that will allow SBM members to do simple surgical procedures. What's the harm?
Want to make closings a bit tougher? Then let's hope for the passage of SB 610, the "Commercial Real Estate Broker's Lien Act." You can guess what it does. If the Brokers get a lien, we want one too.
The RPLS has successfully fought similar bills in the past, but like the proverbial "bad penny," they just keep coming back. Regardless of money and lost fees (which are important but are NOT the reason we object), both bills reflect bad policy. The RPLS stands for the good of the system. We expect a tougher fight this time around. Call or e-mail your representative and/or senator and complain. A lot.
At a Glance
Have you looked at our website lately? You'll be amazed at the wealth of information that's right at your fingertips. For instance, did you know that if you missed attending our Homeward Bound program, you can click on "View Past Materials" and find all of the previous years' materials at no charge? It's just that easy.