Soble Law

Federal consumer protection agencies regularly warn consumers about scams involving everything from the recent false Ebola charities to student loan scams.

Earlier this month, CNBC news reported that, nationally, consumers and business owners are at greater risk of losing their assets as the number of foreclosures and repossessions have spiked.

On November 24, 2014, the FBI Detroit Field Office issued an official press release that it had arrested 16 people in a telemarketing and real estate ponzi scheme, netting the offenders over $20 million from 290 victims nationwide who thought they were investing in bank-owned homes.

According to numerous “real estate investing” or “note buying” websites (A Google search of real estate “note buying” prompted over 19 million results), real estate investing is “fun” and “easy,” which it can be, but not without “work.” Proven Resource managing attorney reviews important steps investors can take to protect their investments.

Assisting loved ones who begin to lose their ability to think clearly and make rational decisions is not easy. It’s not uncommon for some elderly people to become unable to make sound decisions about a variety of issues, including finances, health care and managing themselves at home.

Greater longevity for Americans has expanded the population aged 75 and over. The U.S. Census Bureau states that the number of people reaching their 80s and beyond will sharply increase in the ensuing decades and as senior parents age, more financial responsibilities are placed upon the shoulders of their adult children.

Lisa, a realtor from Livonia, Michigan asks, “my seller’s husband needs to sign papers to close the home. However, he is not lucid. Their realtor said she will get him to sign a power of attorney to his son. Is this right or even legal?

Your business is having financial issues, cash flow is tight, and you have defaulted on your business loan. What happens next and how do you work out of this situation? Having a brief understanding of commercial loan workouts is important for business borrowers to be able to negotiate with their bank on terms that may include, among other things, loan principal and interest reductions, help avoid bankruptcy, and keep your business operating.

Whatever stage an operating business is in, there is often a need to put a value on the business. Whether you are applying for a small business loan, seeking an investment partnership, or planning to sell your business, understanding how to value the total worth of the business will be beneficial for raising funds or accurately pricing the business to find the right buyer.

An Earnest Money Deposit, also known as a good faith deposit, comes from the prospective home buyer and it shows the buyer’s commitment to the seller that they are serious about purchasing a seller’s home.

With the steady influx of property investors seeking to stake their claim in the phoenix that is Detroit comes various investment property management challenges. Listed here are five common problems that new real estate entrepreneurs face when moving to sever the property rights of a delinquent property owner or tenant.

Several clients (before hiring me) lost a combined total of $1,729,631 because (for whatever their reason) they failed to file their real estate documents publicly with the county recorder. Their property rights, as evidenced by various deeds, trusts, assignments, land contracts, mortgages, and liens—simply went unnoticed.

The FBI and local law enforcement officials raided the business offices of realtor Ralph Roberts. Roberts is the subject of an ongoing criminal investigation and several news probes. In controversy is his alleged “misuse” of the Michigan public administrator system.