Soble Law

We'll Tell You What Others Won't.

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How Consumers Can Avoid Property Horror Stories

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

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5 Tips for Requesting a Loan Modification

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.

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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. The need for payment modifications and more flexible loan guidelines persists.

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5 Precautionary Tips for Aspiring Real Estate Investors

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.

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Real Estate Dreams: Positive Outcome with Real Estate Investment Income

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.

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Real Estate & Advance Directives: Options for Assisting Seniors With Real Estate

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.

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Keeping Control of An Aging Parent’s Property

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.

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When clients are confronted with a complex legal problem that has a lot of moving parts, it can be difficult for them to “see the forest through the trees”. I offer clients overwhelmed by a complicated real estate or finance problem the following five items to consider so they can effectively tackle their source of stress.

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What Happens When Someone is Not Competent To Sign Real Estate Documents

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?

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How Business Owners Can Deal With Bank Loan Problems Once and For All

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.

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5 Things That Really Matter in Business Valuation

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.

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How To Make The First of Many Good Decisions Concerning Your Purchase Agreement

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.

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5 Tips For New Real Estate Investors Severing Detroit Property Interests through Foreclosure, Forfeiture and Eviction

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.

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Protecting Property Title Interests: In Real Estate, You Have To Show Up 100% of the Time

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.

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7 Things Michigan Homeowners Can Do to Protect Their Property Rights

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.

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I read about a tragic and avoidable event according to The Washington Post, a Manhattan couple jumped to their deaths from the ledge of their 9th-floor apartment. The couple, a chiropractor and his wife, left a suicide note, citing their ever-increasing debts as the reason for their despair.

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According to business periodicals such as Entrepreneur Magazine Inc. and Forbes, with the beginning of each year comes an increase in new business start-ups. Perhaps this is because people are seeking an increase or alternative means of income, job independence, or a more rewarding career.