For property owners in Michigan facing foreclosure, the prospect of being entitled to money can seem like a hard-to-believe reality. But the truth is, many property owners are not aware of a clear, yet under-utilized, statutory provision that could help some redeem their homes. As […]
Read MoreCharlie Scharf says there is “no question” we’re headed into an economic downturn and likely a recession. Jamie Dimon says to “brace yourself” for an economic hurricane. Elon Musk has a “super bad feeling” about the economy. (Even though Elon thought we’d have zero Covid cases […]
Read MoreCryptocurrency has been around for almost 15 years, and it keeps landing in the headlines—but not always for good reasons. Now, crypto owners are worried about exchange bankruptcies. Most crypto owners hold their assets in custodial wallets, or on an exchange. This is because the customer […]
Read MoreEquifax, Experian, and TransUnion, the three major consumer credit reporting agencies, recently announced that as of July 1, 2022, they will make changes to the way medical collection debt is reported. These changes may provide some initial benefits to consumers. But it’s unclear whether they […]
Read MoreI’ve written previously about the likely increase in delinquencies and bankruptcies coming this year, but the numbers have yet to back up that prediction. In 2021, according to the American Bankruptcy Institute, consumer bankruptcies decreased by 24%, commercial bankruptcies decreased by 31%, and Chapter 11s […]
Read MoreMany of us who monitor the economy for signs of repayment distress were certain in early 2020 that the pandemic would result in a dramatic increase in consumer and commercial collections and bankruptcy filings. Some bankruptcy firms even hired additional lawyers in anticipation of the […]
Read MoreMost if not all mortgage agreements contain a debt acceleration clause. That clause allows the bank to declare the entire balance due upon the occurrence of an event—like the failure to make a payment. In Akouri v. Comerica Bank, one of the questions addressed […]
Read MorePPP loan recipients got some welcome relief on Friday when the Paycheck Protection Program Flexibility Act of 2020 was signed into law, extending the amount of time to use the loan and making it easier to be eligible for loan forgiveness. Originally, in order to […]
Read MoreAs reported by the Michigan Bankers Association, the Consumer Financial Protection Bureau (CFPB) issued a new “updated” mortgage rules readiness guide. The update attempts to simply the cumbersome regulations into guidelines including readiness charts and compliance aids to assist in interpreting existing mortgage regulations. The […]
Read MoreAs reported by the Michigan Bankers Association (MBA), the new Michigan Right of Inspection law is the first of its kind in the country. The law addresses an occupant's responsibliity to the new purchaser after a foreclosure. The intent is to circumvent the damages and […]
Read MoreAs reported in today's Governing magazine, a proposal has been floated in the legislature allowing students to attend college for free if they agree to pay a fixed percentage of future income for a number of years that would pay other students college bills. A […]
Read MoreIn my role as Administrative Bishop for the Church of God, quite often we are faced with issues that involve local governments and municipalities. Many of these issues that arise in dealing with entities are land use related. I have found Dalton & Tomich’s experience and expertise in this area to be a valuable resource and asset in every situation.
Never one time during a year-long litigation process did Dalton & Tomich demonstrate anything other than Christ-like professionalism. They managed the legal details, while we continued to do church. How they managed themselves, managed our case, and represented our church set the table for me and our church to be where we are today.
Dalton & Tomich’s expertise and experience helped us through a very difficult legal journey, ultimately achieving a favorable outcome. Their personal interest in helping us went “above and beyond” just the call of duty.