Real Estate Law News and Insights

Demystifying The Out-Of-Court Foreclosure Process

Published: Sep 28, 2024
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Mezzanine lenders looking to foreclose on their collateral have the advantage of being able to pursue remedies outside of court. But the process, which is described in the Uniform Commercial Code (UCC), is often ill understood and can seem daunting. In this article, we aim to simplify the process, explain...

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Is There A Penalty When A Contractor Does Not Finish On Time?

Published: Sep 17, 2024
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Whether or not there is a penalty for a contractor failing to finish on time depends on what the contract says about the completion date and what happens if construction is not completed by that date. Because the contracts are so very different in residential and commercial construction, I will...

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FinCEN Issues Final Rule On Transparency Reporting In Residential Real Estate Transfers

Published: Sep 05, 2024
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On August 29, 2024, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury adopted a final rule (the "Real Estate Rule") that will require professionals involved in residential real estate transfers to report information about the beneficial ownership of the transferee. The Real Estate Rule will be published at...

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