Detroit Offers Educators a 50 Percent Discount on Housing

It can be difficult to buy a home on a teacher’s salary, but this year the city of Detroit made it a little easier for educators to find affordable housing. Recently, Mayor Mike Duggan announced that local educators can now take advantage of a program which grants steep discounts to city employees who buy homes… Read more »

Detroit City Council Approves New Rental Property Ordinance

Earlier this month, the Detroit City Council voted unanimously to approve new, stricter regulations for rental property owners. Under the terms of the new ordinance, tenants can now legally withhold rent payments from landlords if their properties are not in compliance with city code. Although landlords in Detroit are required to register their rental properties… Read more »

Inventory Decline Drives up Housing Prices in Metro Detroit

If you’ve been keeping an eye on the housing market in Detroit this year, you may have noticed a surprising upward trend in housing prices across the region. According to the Detroit Free Press, housing prices in August were up 7.2 percent compared to the same time last year. Furthermore, housing prices were up by… Read more »

Foreclosure Rates Finally Fall Below Pre-Recession Levels

The statistics released by ATTOM Data Solutions show that there were more than 230,000 foreclosure filings through the first three months of 2017 in the U.S., And while that might seem like a high number, it actually represents an 11 percent dip from the final quarter of 2016 and a 19 percent dip when compared… Read more »

Take Control of Collections in 2017

New year, same difficult tenants? Working with tenants who refuse to pay you or make a mess of your property and skip town can be extremely frustrating for property owners – not to mention expensive. But don’t worry: you have legal recourse to help you collect what your tenants owe you, and Aaron Cox Law… Read more »

The Pros and Cons of Land Contracts

If you are buying or selling property in the state of Michigan, you can essentially cut out the middle man by handling the sale through a land contract. In such a sale, the seller sets up an installment plan though a contract with the buyer that states the price in addition to how the taxes,… Read more »

Investing in Real Estate? Consult Us First!

Are you buying or selling a commercial or residential property? Don’t make a purchasing decision without consulting the team at The Law Offices of Aaron D. Cox PLLC first to ensure that the process goes smoothly and free of legal complications. There are many reasons as to why you shouldn’t go through the process of… Read more »