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October 2016 Archives

Why are zoning regulations used?

When deciding how to use a piece of property, you must consider how it has been zoned by the city. There are a few different types of zones, but the most common are residential zones and commercial zones. In some cases, you can find buildings that have been zoned for mixed use.

Michigan law allows receivers to sell distressed properties free and clear

Creditors may choose to seek the appointment of a receiver to manage distressed real estate projects in Michigan. Receivers frequently ask the court to approve the sale of distressed property free and clear of other encumbrances. However, there is no statute that expressly authorizes the sale of distressed real property free and clear of all other encumbrances.