Under the General Property Tax Act, an assessor cannot increase the true cash value as a result of expenditures for “normal repairs, replacement, and maintenance” in determining the true cash value of property for assessment purposes until the property is sold. The law provides that the following repairs are considered normal maintenance if they are […]
The storm that blew through NW MI last August 2, 2015, left a trail of property damage for many. And with that, many property owners are looking to their homeowners’ insurers for help but are being surprised by unwelcome news. First, the insured is learning that their local agent who sold them the policy is, oddly, completely […]
A&A Property Management owned a gas station in the City of Detroit. It purchased the gas station by taking out a secured loan from Comerica Bank. It also maintained its fuel supply through a mortgage arrangement with Armada Oil and Gas. Armada recorded its mortgage first. When A&A defaulted on its loan payments with Comerica, […]
Congressman Dave Camp represents the people of the 4th Congressional District of Michigan, which spans from Owosso to Greenville and northward to Traverse City and the Leelanau peninsula. Camp is the top Republican on the Ways and Means Committee, which is one of the oldest and most powerful committees in the U.S. House of Representatives. […]
Matt
THANK YOU, THANK YOU, THANK YOU for helping me out. You give me light at the end of this dark tunnel. -Matt
