Real estate refers to land, whether it is used for residential, industrial or commercial purposes. Real estate has become a hot topic in Michigan after the state legislature amended the constitution to prohibit eminent domain seizures of property from private owners solely for the purpose of transferring it to other private owners for economic development or to increase tax revenues. This negated an earlier court ruling.

Real estate laws are enacted by the state and the department of Housing and Urban Development, so homebuyers can have a hassle-free and fair buying process. Laws also regulate mortgage rates, and cover landlord-tenant issues and other commercial transactions. Michigan has enacted laws to regulate the practice of real estate brokers, salespersons and appraisers. These are approximately 4,500 appraisers, 20,000 brokers and 40,000 salespersons overseen by the Michigan state board.

Real estate laws are designed to prevent fraudulent behavior during home-buying transactions, establish clear titles for properties, clarify landlord-tenant disputes, and handle other matters regarding the evaluation of property, and disputes between architects, contractors and engineers. Some of the laws in the real estate domain include property laws, tenant laws and construction acts.

Some of the common lawsuits regard foreclosure, a process in which mortgaged property is sold off to pay the loan of the defaulting borrower. Equity skimming is a scam exploiting the foreclosure procedure, in which the scamster lures the financially troubled property owner to deed out the property, promises to pay the mortgage and later defaults on the mortgage payment and allows a foreclosure procedure. Other lawsuits are related to the ownership of the property and landlord-tenant cases.

Besides lawsuits, real estate lawyers handle a broad array of real estate transactions for developers, individuals and businesses. These include the drafting of deeds for property transfers, land contracts, leases, construction contracts and mortgages. They help provide services in insuring properties.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Foreclosure Laws - Get Proper Legal Advise If You Are Facing Foreclosure
Foreclosure laws can be very perplexing; foreclosures laws vary from state to state. Sometimes general information may be all that you need to start in the right direction. Make sure that you investigate the laws pertaining to you state or contact a real estate agent or attorney to ensure that you ... more...

California Real Estate Foreclosure Law
When you consider California real estate foreclosure law, it is important to know what questions you need answers to before venturing in research. California has a wide selection of laws. The laws cover topics, such as associating disputes, rights act for basic interest development, consumer rights ... more...

Legal Pitfalls - Whether Or Not To Buy Foreclosure Properties
If you would like to buy foreclosure properties you must be aware of local foreclosure laws. These laws have a significant impact on the foreclosure process in any given area. Foreclosures may be vacant for a substantial time period before they can be sold as the legal process runs its course. ... more...

Three Things You Must Know Before Investing in Foreclosures
To profitably buy and sell foreclosure properties there are three (3) main things you MUST know. Frankly, you simply won't succeed in this business without knowing them! 1. The relevant law The foreclosure laws vary from state to state. Not only do these laws govern what mortgagees (lenders) and ... more...