News & Analysis as of

Residential Real Estate Updates

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

NMLS 2.0 Delayed Until 2019

by Weiner Brodsky Kider PC on

The Conference of State Bank Supervisors (CSBS) has postponed the release of its major NMLS redesign, NMLS 2.0, from the originally projected September 2018 launch date until the second quarter of 2019. ...more

Consent to Assign – Taking the Good with the Bad

by Reed Smith on

The case of No.1 West India Quay (Residential) Ltd v East Tower Apartments Ltd surprised the legal profession in 2016 when the court held that one bad reason for refusing consent to assign a lease effectively trumped two...more

FDIC Penalizes Two Banks for Flood Insurance Violations

by Weiner Brodsky Kider PC on

The FDIC recently assessed civil money penalties against a Michigan-based and a Wisconsin-based bank for allegedly violating the Flood Disaster Protection Act and the National Flood Insurance Act. Specifically, the FDIC...more

CFPB finalizes amendments to timing requirements for bankruptcy periodic statements

by Ballard Spahr LLP on

The CFPB recently issued its final rule amending the timing requirements for transitioning between unmodified periodic statements and modified statements for consumers in bankruptcy. ...more

North Carolina Court Of Appeals Allows Section 75-1.1 Claim In The Context Of A Residential Real Estate Transaction

by Ellis & Winters LLP on

We have examined cases that explore exemptions to liability under N.C. Gen. Stat. § 75-1.1. The section 75-1.1 carve-outs include exemptions for securities transactions, internal business disputes, and employment matters. ...more

K&L Gates Private Equity Funds Year-in-Review – A Lookback at 2017 and the Outlook for 2018

by K&L Gates LLP on

The global private equity fund industry remained strong in 2017, as both established and first-time fund managers launched new funds and deployed the capital of existing ones. We saw a diverse range of managers and strategies...more

Maryland Lawmakers Consider Changes to Development Rights and Responsibility Agreements

by Miles & Stockbridge P.C. on

The Maryland General Assembly is currently considering House Bill 1390 (“HB1390”). As introduced, HB 1390 will materially impact the utility of the Development Rights and Responsibility Agreement (“DRRA”) for land owners,...more

FHA Expands Foreclosure Relief for Homeowners Affected by 2017 Disasters

by Weiner Brodsky Kider PC on

On February 22, 2018, FHA issued Mortgagee Letter 2018-01, announcing expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by hurricanes Harvey, Irma, and Maria, as well as California...more

IRS Says Interest on Home Equity Loans Can Still be Deducted in Many Cases

by Weiner Brodsky Kider PC on

The IRS wants taxpayers to know that they can continue to deduct the interest they pay on home equity loans “in many cases,” despite the limitations placed on mortgage interest deductions contained in the new tax law. The...more

CFPB Finalizes Further Changes to Mortgage Servicing Rules

On March 8, 2018, the Consumer Financial Protection Bureau (CFPB or Bureau) finalized certain changes to its mortgage servicing rules. The Bureau issued a final rule1 to provide mortgage servicers with more flexibility and...more

Credit Screen? Check. Criminal Background Screen? Check? Immigration Status Screen? Think Again.

by Fox Rothschild LLP on

Acting pursuant to state law, the New York Division of Human Rights initiated a complaint against a property manager in New York City alleging discrimination against individuals based on their immigration status. The...more

Decoding the Tax Cuts and Jobs Act – Part VII: Family Matters and Major Events in the Lives of Individuals

by Garvey Schubert Barer on

The Tax Cuts and Jobs Act (“TCJA”) creates the need for tax planning with respect to several major life-changing activities individuals may encounter, including marriage, divorce, home ownership, casualty losses, medical...more

FFIEC Issues 2018 HMDA Reporting Guide

by Weiner Brodsky Kider PC on

The FFIEC recently released the 2018 edition of its annual resource publication, “A Guide to HMDA Reporting: Getting It Right!” The guide provides financial institutions with a summary of key compliance requirements for...more

California’s Proposed Opportunity Zones Announced

The Tax Cuts and Jobs Act creates a new tax incentive to stimulate economic development in certain low-income communities known as “Opportunity Zones.”  This program will allow businesses and commercial projects located in...more

RESPA and UDAAP Enforcement Following The PHH Decision: What To Expect

by Foley & Lardner LLP on

As anyone who is associated with the residential real estate settlement services industry can appreciate, resolution of the PHH case by the full bench of the D.C. Circuit Court of Appeals has brought much-needed clarity and...more

Another Inverse Condemnation Temporary Damages Claim Fails to Get Off the Ground

by Nossaman LLP on

As we’ve seen all too many times in California, when local municipalities delay development approvals — even improperly — courts are reluctant to find liability under an inverse condemnation cause of action and award...more

Nassau County Commercial Real Property Tax Alert

by Farrell Fritz, P.C. on

Annual Survey of Income and Expenses – ASIE-2017 Pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment (“the Assessor”) is requiring the submission of 2017 financial data...more

HB Aids Association In Successful Defense Of Mold & Water Intrusion Suit

by Husch Blackwell LLP on

Husch Blackwell’s Condominium & HOA Law and Construction & Design teams defended a condominium association in a mold and water intrusion jury trial in Milwaukee County. The plaintiffs consisted of a family of four who...more

Sewer Authorities Could Owe Compensation For Repeated Sewage Overflows

Sewage backups tend to make relationships between landowners and their municipal sewer authorities rather, well, messy. When property is impacted by a sewer authority’s negligence, landowners would typically find a remedy in...more

Tax Law Changes Impacting Real Estate Owners, Developers, and Investors

by Hodgson Russ LLP on

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (the “Act”) into law. The Act provides the most sweeping change to the U.S. federal income tax laws in decades and will impact taxpayers engaged in the...more

Lions and tigers and bears, oh my!

by Thompson Coburn LLP on

In a landmark (not really) decision, the California Court of Appeal held that Ventura County, California was within its rights to refuse to grant a Conditional Use Permit (CUP) to a resident who sought to keep tigers on her...more

Avoiding Development Disasters: Land Inventory and 1031 Exchanges

The ability to defer taxes through a 1031 Exchange can make or break a real estate transaction. But federal tax law does not treat all real estate owners equally. Under IRC Section 1031(a)(2), real property held “primarily...more

Attack of the Triffids: Knotweed Nuisance Cranks Up a Notch

by Reed Smith on

Investor, developer, indeed landowner in any capacity – recent rulings mean Japanese Knotweed is now more of a nuisance (and a costly one) than ever. With over 6000 UK locations identified as containing the weed, you best be...more

Get Ready to Pay More for Recording a Document in California

by Nossaman LLP on

For several years, we have been describing the (increasingly successful) efforts by California state and local government agencies to increase their tax take through new and expanded fees and taxes on real estate...more

Financial Regulatory Observer - February 2018: All change for Poland's banking market

by White & Case LLP on

A raft of regulatory changes, both domestic and EU-related, is reshaping the Polish banking market. As the biggest economy in Central and Eastern Europe, any changes to its banking system will have an impact on the rest of...more

11,949 Results
View per page
Page: of 478

Follow Residential Real Estate Updates on:

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.