Zoning, Planning & Land Use, Finance & Banking, Commercial Law & Contracts

U.S. Treasury Awards $3.5 Billion in New Markets Tax Credit Allocations

by Christina Novotny, George Skupski, David Strauss | BakerHostetler on 4/25/2013

On April 24, 2013, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (the CDFI Fund) announced the community development entities (CDEs) selected to receive the $3.5 billion in New...more

Treasury Department Announces $3.5 Billion in New Markets Tax Credit Allocation Awards

by Stephanie Franklin-Suber, Jocelyn O’Brien | Ballard Spahr LLP on 4/25/2013

Eighty-five community development entities (CDEs) have been selected to receive $3.5 billion in New Markets Tax Credit (NMTC) allocation authority in the 2012 round of the NMTC Program. The announcement of the latest round of...more

Municipal Liens vs. Mortgages: Which Has Priority?

by Douglas L. Waldorf, Jr. | Rogers Towers on 4/19/2013

I have recently encountered several situations in which local governments are claiming, under ordinances they have enacted, that their liens and fines have “superpriority” status over existing mortgages, regardless of when...more

Foreclosure Tip #1: Inspections – Do It Before You Own It

by Keith Mullen | Winstead PC on 4/17/2013

In some parts of the country, a recovering local economy means the special asset (or problem loan) groups are reducing staff, as loan production groups come back to life. Leaving the special asset group under-staffed could...more

CFPB files amicus brief in Second Circuit ILSA case

by Sarah Reise | Ballard Spahr LLP on 4/2/2013

On March 12, 2013, the CFPB filed a new amicus brief supporting the consumer/appellee’s position that the Interstate Land Sales Full Disclosure Act (ILSA) applies to condominium units, even where the unit does not also...more

Simplifying the Mechanic's Lien Agent Process: N.C.'s New Online Clearinghouse

by Bryan G. Scott | Spilman Thomas & Battle, PLLC on 3/29/2013

As I have discussed in the past, North Carolina’s General Assembly recently introduced the concept of Mechanic’s Lien Agent (MLA) into our state’s lien laws to address so-called “hidden liens” that have long been a thorn in...more

Chicago Requires Debt Collector Licensing, Sets Zoning Requirements For Small Dollar Lenders

by BuckleySandler LLP on 1/30/2013

On January 17, the City of Chicago passed ordinances related to debt collection, small dollar lending, and license enforcement. With the adoption of an ordinance requiring that debt collectors collecting debts from Chicagoans...more

The Fiscal Cliff for Condominium Developers

by Kristi Stotts | Winstead PC on 12/31/2012

Heard enough about the fiscal cliff? Condominium developers should take into consideration the potential liability for assessments on developer owned condominium units when structuring condominium regimes to avoid their own...more

Marketability of Title: In Reaffirming Hocking, the Court of Appeal in Dollinger Draws a Clear Distinction Between Market Value...

by Miller Starr Regalia on 10/11/2012

Market value and marketable title are not synonymous. Dollinger DeAnza Associates v. Chicago Title (6th Dist. 2011) 199 Cal.App.4th 1132 (“Dollinger”), provides an excellent summary of several key cases interpreting what...more

Buyer Beware: Court Decision Highlights Importance of Performing Careful Diligence

by Sheppard Mullin Richter & Hampton LLP on 9/11/2012

In Princes Point LLC v. AKRF Engineering, P.C., No. 601849/2008 (N.Y. Sup. Ct. Jul. 13, 2012), Judge Charles Edward Ramos granted a motion for summary judgment dismissing plaintiff’s claims of fraud, negligent...more

DEP Streamlines Process for Implementing Restrictive Covenants Required for Cleanup Closure With Conditions

by Carlton Fields on 9/1/2012

In June 2012, the DEP released a new revision to its Institution Controls Guidance Procedures document, which substantially streamlines the approval process associated with implementation of restrictive covenants required to...more

Kazakhstan’s New Trunk Pipeline Law

by Morgan Lewis on 8/24/2012

New law gives the RK government additional control over new trunk pipeline projects. After many changes, extensive negotiations, and numerous interim drafts, the Republic of Kazakhstan (RK) has enacted a Trunk Pipeline...more

Introduction of Omnibus Bill to Impact Portions of Plan Nord and to Introduce Oil and Gas Mineral Rights Auctions

by Osler, Hoskin & Harcourt LLP on 7/30/2012

On May 15, 2012, the Québec Government introduced in the National Assembly An Act respecting mainly the implementation of certain provisions of the Budget Speech of 20 March 2012 (Bill 73), an omnibus bill providing for...more

Q&A With Kirton & McConkie's William Meaders

by Kirton McConkie PC on 2/17/2012

Law360, New York (February 16, 2012, 1:27 PM ET) -- William A. Meaders Jr. is a member of the real property and land use planning practice section at Kirton & McConkie PC in Salt Lake City, and sits on the firm’s board of...more

Chicago City Council Amends Vacant Building Ordinance to Address Mortgage Lender Concerns

by Katten Muchin Rosenman LLP on 11/9/2011

The Chicago City Council recently approved another amendment to its vacant building ordinance. Scheduled to take effect November 19, 2011, this amendment eliminates the requirement under a prior amendment that mortgagees...more

City Councils Impose Greater Liability on Mortgagees and Securitization Trustees

by Dechert LLP on 10/24/2011

The city council of Springfield, Massachusetts recently approved ordinances relating to (i) mortgagee and securitization trustee liability for the maintenance of vacant residential real property or real property in...more

Mass. SJC Rules Purchaser Of Faulty Foreclosure Property Is Not Owner

by Richard Vetstein on 10/18/2011

The Massachusetts Supreme Judicial Court ruled today in much anticipated Bevilacqua v. Rodriguez case. The final edict is mix of bad and good news for owners of property whose titles have been rendered defective due to...more

Springfield, Massachusetts Enacts Strict Anti-foreclosure Ordinances by Ann Marie Maccarone by Ann Marie Maccarone

by Partridge Snow & Hahn LLP on 9/22/2011

New ordinances drastically affecting foreclosures and vacant and/or foreclosing properties in Springfield, Massachusetts became effective September 13, 2011. The two ordinances require pre-foreclosure mediation and regulate...more

Newly Amended Vacant Building Ordinance Imposes Greater Obligations on Mortgage Lenders

by Katten Muchin Rosenman LLP on 9/1/2011

Lenders holding mortgages on vacant property in the City of Chicago should be aware of a potential new obligation. The Chicago City Council recently passed an amendment to its vacant building ordinance that would impose on...more

May There Be Enough Wind in Chicago to Blow This Ordinance Amendment Away

by Dechert LLP on 8/29/2011

Sure, vacant properties bring to mind decay, blight, vandalism and the like, and Chicago’s south and west sides are plagued (pdf) with vacant properties; but is the answer requiring lenders to shoulder the responsibility (and...more

Option Contract Template

by Nicole Flannagan on 12/31/2010

This is an Option Contract for land and or real estate. This template is ONLY an example intended to educate the general public about real estate law and small business issues. It is not intended to be legal advice....more

Research Memorandum: Eminent Domain & Contract for Deed - Who should the government pay?

by Patricia L Brown & Associates on 12/2/2010

This is a memo I prepared after researching an eminent domain case in which the State of Texas was taking certain property and paying for it. The problem was that the State didn’t know who to pay. My client had purchased the...more

Township “Flat Tax” on Business Upheld

by McNees Wallace & Nurick LLC on 5/10/2010

The Commonwealth Court, in an unreported opinion, has affirmed a decision of the Court of Common Pleas of Bucks County, which held that a business privilege “flat tax” ordinance passed by Warrington Township did not violate...more

More Pennsylvania State Forest Land Available for Drilling, Governor Announces

by Duane Morris LLP on 3/8/2010

The recent leasing of Pennsylvania state forest land for natural gas drilling raised so much more money than anticipated for the state that Gov. Edward Rendell decided to lease additional land. Part of the governor's proposed...more

City of Providence Amends Its Foreclosure Ordinance by Charles A. Lovell, Esq.

by Partridge Snow & Hahn LLP on 2/3/2010

The controversial foreclosure ordinance enacted by the City of Providence, Rhode Island in 2009 has been amended effective January 26, 2010. The amendments are as follows.... Please see full alert below for more...more

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Zoning, Planning & Land Use › Finance & Banking › Commercial Law & Contracts