Sarah Burlingame

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March 31st, 2014 by Sarah Burlingame

Right of First Refusal issue. In Michigan Court of Appeals case, Frens Orchards, Inc., v Dunning, et al, the Plaintiff, Frens, had a right of first refusal upon termination of a lease (in which it was Lessee) with the original owner of the property, Deur. In 1999, Deur informed Frens’ president that he would offer […]

Spring News Letter

March 31st, 2014 by Sarah Burlingame

Revised Mortgage Predictions for 2014. The Mortgage Bankers Association now estimates refinance activity to decrease over 50% in 2014 compared to the prior year. However, it is still predicting that mortgage originations relative to purchases will increase 9%. The mortgage rates are anticipated to rise about 1% in 2014.   In 2013, home equity lending […]

Fall News: Mortgage rates, Riparian rights

September 19th, 2013 by Sarah Burlingame

Historically, jumbo loans (defined as mortgages over $625,500 in much of California and more than $417,000 even in places where homes are less expensive) have always come at a premium price.  However, the banking industry is now seeing a new phenomenon that is unprecedented: rates for jumbo loans nearly as good or even better than […]

New bills related to home foreclosure

July 8th, 2013 by Sarah Burlingame

Governor Snyder has now signed the Foreclosure/Redemption legislative package.  This package consists of HBs 4765, 4766 and SBs 380 and 383. In addition, the Governor issued a press release on bills he signed into law before the holiday weekend and he made a reference to this legislative package, which included the following comments: Snyder also […]

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