Michigan Real Estate Investing Club Making a Difference for Members
Michigan Attorney, Kirk Falvay, Conducting Asset Protection Class

Kirk Falvay, attorney, will conduct a workshop on asset protection for investors and homeowners on February 12, 2007. The National Real Estate Network – A Premier Real Estate Club is sponsoring this workshop for members The Theme of the workshop will be protecting your castle. Ralph Marcus Maupin, Jr. (Mark) member of Real Estate Club Said “I have heard many attorneys talk on how investors need to structure themselves so they protect there assets. Mr. Falvay goes above and beyond what an investor or home owner needs to know on asset protection. Kirk Falvay is always at our meetings answering questions for our members.”

Topics to be discussed includes:
• Use of living trusts
• Family partnerships
• Corporations
• Limited liability companies

Those in attendance will learn about what they can do to protect themselves and families against the threat of taxes, creditors, lawsuits, and divorce.

Mr. Falvay has offices in Bloomfield Hills, and may be reached toll free at 1-877-642-5535, and visited on the web at http://www.falvaylaw.com.

National Real Estate Network Known as NREN is a Real Estate Investment Club which meets on the 3rd Thursdays of each month. NREN provides great resources for new and experienced investors. Peter Surur, NREN member said "This is the best club in Michigan. They bring National Speakers every month to the club and club members are very action oriented. The Energy level is so high at the club; I always look forward to attend club meetings" You can check out their website with tons of resources at . To become a member of this club please Contact Urvi Mehta at 248-762-0800 or at urvi@megaeveningevent.com

Any advice contained in this press release or to be provided at the workshop was not written and is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties with respect to taxes that may be imposed upon the taxpayer. (See IRS Circular 230)

National Real Estate Network, LLC service the following cities in Oakland County: Auburn Hills, Berkley, Birmingham, Bloomfield Hills, Clarkston, Clawson, Farmington Hills, Farmington, Ferndale, Hazel Park, Huntington Woods, Keego Harbor, Lake Angelus, Lathrup Village, Pleasant Ridge, Pontiac, Rochester Hills, Rochester, Royal Oak, South Lyon, Southfield, Sylvan Lake, Troy, Walled Lake, and Wixom. The club also services the follow Villages: Beverly Hills, Bingham Farms, Franklin, Holly, Lake Orion, Leonard, Milford, Ortonville, Oxford, and Wolverine Lake. Clubs also services Wayne County Cites: Allen Park, Belleville, Dearborn Heights, Dearborn, Detroit, Down River, Ecorse, Flat Rock, Garden City, Gibraltar, Grosse Pointe Farms, Grosse Pointe Park, Grosse Point, Hamtramck, Harper Woods, Highland Park, Inkster, Lincoln Park, Livonia, Melvindale, Northville, Plymouth, River Rouge, Riverview, Rockwood, Romulus, Southgate, Sonoma, Taylor, Trenton, Wayne, Westland, Woodhaven, Wyandotte. Other Counties are Macomb and Washtenaw.

Mr. Falvay attends all member meetings to answer questions members may have on real estate. To assist investors Real Estate Terms (definitions on Mega Home Page) for following: Abstract of Judgment, Abstract of Title, Accelerated Cost Recovery System ,Acceleration Clause, Due on Sale Clause, Acceptance, Accrued Interest, Accumulated Depreciation, Acknowledgment, Acquisition Cost, Acquisition Loan , Acre, Addendum, Additional Principal Payment, Adjoining, Adjustable Rate Mortgage (ARM), Adjusted Cost Basis, Adjusted Tax Basis, Adjustment Period Administrator, Administrator\'s Deed, Adverse Possession, Affidavit, Agency, Agreement for Deed, Contract for Deed, Alienation, All Inclusive Trust Deed, Amortized Loan, Annual Cap, Annual Percentage Rate (APR), Anticipatory Breach, Appraised Value, Appreciation, Arrears, As-Is, Assessed Value, Assignee, Assignment, Assignor, Assumable Mortgage, Attornment, Backup Contract, Balance, Principal Balance, Balloon Loan, Balloon Payment, Bankruptcy, Bankruptcy Discharge, Basis Point, Beneficiary, Bilateral Contract, Bill of Sale, Bird Dog, Biweekly Mortgage, Blanket Mortgage, Board Of Equalization, Board of Realtors, Bond Breach of Contract, Bridge Loan Broker, - Building Permit, Bundle of Rights, Buy Down, Call Option, Cancellation Clause, Cap, Capital, Capital Expenditure, Capital Improvement, Capitalization (Cap) Rate, Carrying Charges, Cash Flow, Cash Flow Basis, Cash Out, Cash-Out Refinance, Caveat Emptor, Certificate of Eligibility, Certificate of Insurance, Certificate of Occupancy (C.O.), Certified Commercial Investment Member (CCIM), Certified Residential Broker (CRB) Certified Residential Specialist (CRS), Chain of Title, Clear Title, Closing , Closing Costs, Closing Date, Closing Statement, Cloud on Title, Coinsurance Clause, Collateral, Collectors Deed, Combined Loan-to-Value (CLTV), Commitment, Comparable Sales, Conditions, Covenants, and Restrictions (CCR's), Conforming Loan, Consideration, Contiguous, Contingency, Contract, Contract For Deed, Contractor, Conventional Loan, Conversion , Convey, Cooperative (co-op), Counteroffer, Creative Financing, Credit Line, Dealer, Debt Coverage Ratio (DCR), Debt Ratio (DR, D:I), Decree, Deed, Deed in Lieu of Foreclosure, Deed of Trust (DOT, Deed Restriction - see Conditions, Covenants, and Restrictions, Default, Defeasance, Deferred Maintenance, Deferred Payments, Deficiency Judgment, Density, Density Test, Depreciation Recapture, Discount Points, Document Preparation, Down Payment, Draw, - Due Diligence, Due-on-Sale, Earnest Money, Easement, Easement by Necessity, Easement by Prescription, Egress, Eminent Domain, Employer-Assisted Housing, Encroachment, Encumbrance, Equal Credit Opportunity Act (ECOA), Equitable Conversion, Equitable Title, Equity, Escheat, Escrow, Escrow Account, Escrow Analysis, Escrow Collections, Escrow Disbursements, Escrow Payment, Estate, Estate at Sufferance, Estate for Life, Life Estate, Estate Tax, Estoppel, Eviction, Exchange - under Section 1031 of the IRS Tax Code, Exclusive Listing, Exculpatory Clause, Façade, Face Value, Fair Credit Reporting Act, Fannie Mae (FNMA), Federal Fair Housing Law, Federal Housing Administration (FHA), Fee Agreement, Fee Simple, Fiduciary Responsibility, First Mortgage, Fixed Payment Mortgage, Fixed Rate Mortgage, Floodplain, Forbearance, Foreclosure, FRBO, Freddie Mac (FHMLC), FSBO, Fully Amortized Adjustable-Rate Mortgage, Gable Roof, Gain, Garden Apartments, General Contractor, General Lien, General Warranty Deed, Gentrification, Graduated-Payment Mortgage(GPM), Grantee, Grantor, Gross Debt Service, Gross Monthly Income, Gross Rent Multiplier, Ground Lease, Habendum Clause, Hard Money Loan, Hazard Insurance, Hereditaments, Hiatus, Highest and Best Use, Holdover Tenant, Home Equity Loan, Homeowner Association (HOA), Homeowners\' Warranty, Homeowner\'s Insurance (Hazard Insurance), Homestead, Homestead Exemption, Housing and Urban Development (HUD, Housing Code, Hypothecate, Implied Warranty of Habitability, Impound Account, Improvements, Incidents of Ownership, Indemnify, Index, Initial Note Rate, Installment Contract, Installment Sale, Insurance Binder, Insured Mortgage, Inter Vivos, Interest Accrual Rate, Interest Rate, Interest Rate Buydown Plan, Interim Financing, Intestate, Joint and Several Liability, Joint Tenancy, Joint Venture, Judgment, Judgment Creditor, Judgment Lien, Judicial Foreclosure, Jumbo Loan, Junior, Kicker, Lien, Land Contract, Contract for Deed, Land Lease, Ground Lease, Land Trust, Landlocked, Lease, Lease Option , Lease Purchase, Leasehold, Leasehold Estate, Legal Blemish, Legal Description, Lessee, Lessor, Let, Letter of Intent, - Liabilities, Liability Insurance, Lien Theory State, Life Estate, Life Tenant, Lifetime Cap, Like-Kind Property, Limited Partnership, Line Of Credit, Liquidated Damages, Liquidity, Lis Pendens, Listing, Loan Application (1003), - Loan Origination Fee, Loan Package, Loan-to-Value (LTV), Lot and Block , Lot Line, Low-Documentation Loan, Low-Down-Payment loan, Management Agreement, Margin, Marketable Title, Master Lease, Maturity, Maximum Financing, Mechanic's Lien, Merged Credit Report, Minimum Payment, Monthly Mortgage Insurance (MI) Payment, Monthly Payment (P&I), Monthly Principal & Interest (P&I) Payment, Monthly Taxes & Insurance (T&I), Payment, Mortgage, Mortgage (Open-End), Mortgage Balance - see Principal Balance, Mortgage Insurance Premium (MIP), Mortgage Loan, Mortgage-Interest Deduction, Mortgagee, Mortgagor, Multi-Dwelling Property, Needs-Based Pricing , Negative Amortization, Negotiation, Net Cash Flow, Net Operating Income (NOI), No Cash-Out Refinance, No Income Verification Loan (NIV), Non-Assumption Clause, Non-conforming Loan, Non-Qualifying, Non-Recurring Closing Costs, Note, Note Broker, Notice of Default, Obligee, Obligor, Option, Ordinances, Origination Fee, Originator, Penalty, PITI, Planned Unit Development (PUD), Portfolio Loan, Prepayment Penalty, Principal Balance, Principal, Interest, Taxes, Insurance (PITI Private Mortgage Insurance (PMI), Pro Forma, Probate, Promissory Note, Purchase Money Mortgage, Purchase Subject to Mortgage, Purchase-Money Mortgage (PMM), Penalty, PITI, Planned Unit Development (PUD), Portfolio Loan, Prepayment Penalty, Principal Balance, Principal, Interest, Taxes, Insurance (PITI Private Mortgage Insurance (PMI), Pro Forma, Probate, Promissory Note, Purchase Money Mortgage, Purchase Subject to Mortgage, Purchase-Money Mortgage (PMM), Rate Cap, Rate-Improvement Mortgage, Real Estate Owned (REO), Real Property, Realtor, Recission Period, Recourse, Redemption Period, Refinance, Regression, Regulation Z, Residential Service Contract, Residual, Reverse Mortgage, Right of First Refusal, Sale Leaseback, Sandwich Lease, Seasoning, Second Mortgage, Section 1031Section 8, Security Deposit, Seller Financing, Settlement Statement, Short Sale, Special Warranty Deed, Specific Performance, Subject To, Subordination, Survey, Tax and Insurance Escrow, Tax Lien, Teaser Rate, Terms, Time is of the Essence, Title, Title Defect, Title Insurance, Title Search, Title Theory State, Triple Net Lease, Trust, Trust Deed, Trustee, U.S. Department. of Housing and Urban Development (HUD), Underwriting, Undivided Interest, Unencumbered Property, Unilateral Contract, Unimproved Property, Unrealized Gain, Unrecorded Deed, Urban Renewal, Usufruct, Usury, Utility Easement, V.A. Loan, Valuation, Variable Interest Rate, Variable Rate Mortgage, Vendee, Vendee's Lien, Vendor, Veneer, Warehouse Fee, Waiver, Warranty Deed, Wholesale, Wild Deed, Without Recourse, Wraparound Mortgage, Writ of Execution.