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Read Residential Real Estate law updates, news, and legal analysis from leading lawyers and law firms:

West Coast Real Estate Update: March 2017

by Holland & Knight LLP on

Gov. Brown Opposes Measure S - In a statement published less than two weeks before Los Angeles' Consolidated Municipal and Special Elections to be held on March 7, 2017, California Gov. Jerry Brown came out in opposition...more

Hawaii Bill Proposes Parametric Disaster Insurance Pilot Program

by Carlton Fields on

On January 23, 2017, Hawaii lawmakers introduced a bill to establish a pilot parametric disaster insurance program aimed at preventing potential liquidity gaps between federal assistance and total economic losses in the event...more

New Law Affects FHA Requirements for Condominium Financing

by Ballard Spahr LLP on

President Obama signed the Housing Opportunity Through Modernization Act (H.R. 3700) into law on July 29. Title III of the Act will significantly modify Federal Housing Administration (FHA) condominium mortgage insurance...more

Second DCA Reaffirms Sinkhole Insurers' Contractual Right to Withhold Payment for Subsurface Repairs Until the Policyholder...

Two new opinions show the Second DCA continues to hold that if an insurance policy providing sinkhole coverage authorizes the insurer to withhold payment for subsurface repairs until the policyholder presents a signed...more

Recent Florida Legislation Will Allow for Creation of Specialty Sinkhole Coverage Lines

by Carlton Fields on

The Florida Legislature passed legislation this session that allows specialty limited sinkhole coverage. According to the Florida Office of Insurance Regulation, Florida has more sinkholes than any other U.S. state. As such,...more

Private Flood Insurance Plans One Step Closer to Hitting the Market

by Locke Lord LLP on

Legislation to allow privatized flood insurance on the market surged unanimously through a House Financial Services Committee mark up. Voting 53-0 on March 2nd, the Committee approved the idea of enabling private flood...more

Maryland Legislative Update

by Pessin Katz Law, P.A. on

On April 13, 2015 after the release of the traditional sine die balloons and streamers, the first General Assembly of the newly elected Governor Lawrence J. Hogan, Jr. concluded with much success. With bills awaiting...more

SOTU mentions housing!

by Ballard Spahr LLP on

President Obama’s State of the Union address touched briefly on housing issues. With a focus on “middle class economics”, it was inevitable that we would hear about homeownership rather than rental housing. He mentioned lower...more

FIO Focus - November 2013, Issue 43

by Nelson Brown & Co. on

On November 19, 2013, the House Financial Services Subcommittee on Oversight and Investigations held a hearing entitled "A General Overview of Disparate Impact Theory." The hearing covered the use of disparate impact...more

And You Thought Ending Flood Insurance Subsidies Would Be Difficult? Try Persuading a Politician to Support “Managed Coastal...

Earlier today, I posted about the political difficulties inherent in reforming flood insurance programs to avoid subsidizing those who choose to live in coastal areas subject to flooding. When even Democratic legislators...more

Yet More on the Adaptation Front: Where You Stand Depends on Whether Your Property Is Underwater

A story in E&E Daily on October 30 highlighted the difficult choices – including political choices – that are going to have to be faced in the process of adapting to climate change. The story noted that a number of...more

Legal Alert: Federal Insurance Issues We Are Watching During Fall 2013

The United States Congress has returned from its summer recess. On its first full day back in session, the U.S. House of Representatives passed (by a vote of 397-6) long-stalled legislation that would fundamentally alter the...more

Far-Ranging Consequences Of Superstorm Sandy Legislation

by Zelle LLP on

The damage and dislocation caused by Superstorm Sandy have triggered the recent passage of numerous bills by the New York Legislature. One of the most controversial governmental responses is embodied in two similar bills —...more

Capitol Report: Property Insurance Bill Creating Citizens Clearinghouse Passes 2013 Florida Legislature

by Carlton Fields on

Committee Substitute for Senate Bill 1770 (CS/SB 1770) passed by the 2013 Florida Legislature creates a “keep-out” clearinghouse to reduce the size and type of exposures insured by Citizens Property Insurance Corporation...more

Is this the Future of Adaptation? Who Pays to Avoid the Cost of Coastal Flooding?

The New York Times reported today that Governor Cuomo is proposing to spend $400 million to buy out owners of property to avoid a recurrence of the damage caused by Hurricane Sandy. I have to say that I have been persuaded...more

Weekly Brief: Hurricane Sandy, GC Donations, Tweeting Fake News [Video]

by Bloomberg Law on

Nov. 1 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the week's most important legal news. Hurricane Sandy ravaged the East Coast of the United States and legal issues are beginning to emerge. Also, General...more

Stormchaser Legislation and Mechanic’s Liens

by Davis Brown Law Firm on

April 17 marks the end of legislators’ per diem, but session will continue beyond that date as budget and property tax negotiations continue. Progress has been made however, with most budget bills being assigned to conference...more

The New and Improved California Residential Property Disclosure Form: A Harbinger of More Significant Reforms in Replacement Cost...

by Hinshaw & Culbertson LLP on

Introduced by Assembly Member Ted Gaines (R), AB 2022 revamps California’s Residential Property Disclosure Form (current page 3; new page 10) and the accompanied California Residential Property Insurance Bill of Rights...more

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