News & Analysis as of

Residential Real Estate Market

Iowa Amends Provisions Regarding Mortgage Releases

by Weiner Brodsky Kider PC on

The state of Iowa has amended several of its provisions relating to mortgage releases. These provisions take effect on July 1, 2018....more

Conforming the 421-a and MIH Programs

Many of our clients have asked us how they can avail themselves of the state’s revamped 421-a tax exemption program — the Affordable New York Housing Program — on a project that is also subject to the city’s Mandatory...more

New York City Set to Take Another Step to Limit New Hotels and Motels - Proposal Would Require Special Permits for New or...

by Holland & Knight LLP on

• New York City's City Planning Commission (CPC) is expected to officially propose in the next few weeks an amendment to the City's Zoning Resolution to require that most new hotels and motels in light manufacturing districts...more

Ohio Publishes Guidance for Recent Statutory Changes to Residential Mortgage Lending Licensing Laws

by Weiner Brodsky Kider PC on

The Ohio Department of Commerce’s Division of Financial Institutions recently published guidance to assist mortgage licensees and registrants with implementing the newly-effective Ohio House Bill 199, also known as the Ohio...more

Judge Rules that Seattle Cannot Require Landlords to Rent to First Qualified Applicants

by Weiner Brodsky Kider PC on

A trial judge in King County Washington Superior Court recently ruled that the City of Seattle may not enforce a “first in time” law, which required landlords to rent their property to the first qualified applicant, even if...more

Florida Adds MBLA Provisions Regarding Business Purpose Loans and Licensing Exemptions

by Weiner Brodsky Kider PC on

Florida recently enacted amendments to the Florida Mortgage Brokerage and Lending Act (MBLA) making it unlawful for any person to misrepresent a residential mortgage loan as a business purpose loan, and defining “business...more

Court Gives Green Light to Referendum of Ordinance Adopted to Conform Zoning With General Plan

by Perkins Coie on

A referendum requiring either the rejection of an enacted zoning ordinance or submission to the voters that would leave in place zoning inconsistent with a general plan does not violate Gov’t Code Section 65860, according to...more

Failla And Taylor Are Alive And Well: Eleventh Circuit Again Confirms That Debtors Cannot Retain Secured Property Absent...

by Burr & Forman on

For the third time in less than two years, the Eleventh Circuit Court of Appeals has ruled that a chapter 7 debtor who does not reaffirm secured debt or redeem the property must surrender the property. In re Woide, No....more

Sustainable Development Update - April 2018

by Allen Matkins on

Sustainable Development Focus - U.S. states vow to defend auto fuel efficiency standards - REUTERS - Apr 4 Nearly a dozen U.S. states and Washington D.C. this Tuesday promised to defend federal automobile efficiency...more

Las microunidades de Miami son la solución para la asequibilidad del inquilino y la rentabilidad del urbanizador

by Bilzin Sumberg on

Las ciudades de los Estados Unidos enfrentan una crisis de asequibilidad y no es distinto lo que sucede con las viviendas en Miami. ...more

Utah Modifies Provisions Under Residential Mortgage Practices and Licensing Act

by Weiner Brodsky Kider PC on

Utah has issued House Bill 243 relating to licensing, record requirements, and investigations. The updates are effective May 8, 2018....more

The Definition of “Reside” Under Homeowners’ Policies in Michigan and New York: Two Appellate Courts Provide Further Insight

Two appellate courts recently examined the scope of a homeowners policy’s requirement that the insured reside at the property at the time of loss....more

Changing face of the real estate market

by White & Case LLP on

The market in real estate is in a state of evolution, with the rapid growth of quasi operational assets such as data centres and logistics centres, as well as the occupation of more conventional assets, such as offices, on...more

New California Bill Promotes “Transit-Rich” Housing Development

California Senate Bill 827, introduced by Senator Scott Wiener, continues to draw attention as the State struggles to address an under-supply of housing that has not kept up with demand driven by strong job growth....more

The Distressed Condominium Relief Act, As The Legislative Dust Settles

The legislative session ended with a photo-finish, last-hours-of-the-session maneuvering, resulting in the passage of HB 841, which among (many) other unrelated matters also removes the “sunset” provision of the Distressed...more

2018 Environmental Legislative Update No. 3

by Pullman & Comley, LLC on

In the rocket launching business, “Max Q” is point of maximum stress due to the combination of acceleration and air density. Judging from the number of items in today’s update, the session may have reached legislative Max Q....more

Road Block Lifted: Affordable Housing Actions Will Proceed In NJ Post Mercer Decision

by Fox Rothschild LLP on

New Jersey towns can no longer hide behind the stalled Mount Laurel process. On March 8, 2018, Judge Mary Jacobson established the methodology that judges will rely upon to calculate a town’s affordable housing obligation...more

Osceola County Passes Increased School Impact Fees for Most Residential Construction

Earlier yesterday, the Osceola County Board of County Commissioners (“the County”), by a 5-0 vote, passed an ordinance increasing school impact fees for most types of residential development in the County. ...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

IRS Clarifies Deductibility of Home Equity Loan Interest Following the 2017 Tax Act

by Butler Snow LLP on

The IRS recently issued Notice 2018-32, which advises taxpayers on the ability to deduct interest on home equity loans (collectively, a “HELOC”) following the 2017 Tax Act. This is a timely response to the questions that...more

Key Investment Themes in UAE Real Estate & Real Estate Finance Markets

by White & Case LLP on

The end of 2017 proved to be very busy in UAE real estate and real estate finance markets. Here we put the spotlight on 3 key investment themes that characterised those markets in 2017. We also look forward to some of the...more

California Supreme Court Clarifies That “Right To Repair Act” Is Exclusive Remedy For Both Economic Loss And Property Damage...

by Pepper Hamilton LLP on

McMillin Albany LLC v. Superior Court, No. S229762, 2018 Cal. LEXIS 211 (Jan. 18, 2018) - Several homeowners (“Plaintiffs”) brought suit against developer/general contractor McMillin Albany LLC (“McMillin”) for alleged...more

Budget 2018 - Buyers Stamp Duty Changes

by Dentons on

The Minister for Finance, in his Budget Statement 2018, announced changes to the tax rate for buyers stamp duty for acquisitions of residential properties in Singapore. This change came amid a property market which saw an...more

Energy-Efficient Homes Credit is Extended for Homes Sold Before December 31, 2017

by Davis Brown Law Firm on

The Bipartisan Budget Bill of 2018, which President Trump signed into law on February 9, 2018, has extended the Energy-Efficient Homes Credit for homes sold before December 31, 2017. The extension allows builders a $2,000...more

Pennsylvania Licenses Residential Mortgage Loan Servicers

by Weiner Brodsky Kider PC on

The Pennsylvania Governor has signed into law Act 81 (the “Act”) that amends Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes and provides for the licensure and regulation of non-bank mortgage servicing...more

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