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HTMLCongressional Tax Exemption on Federal Mortgage Entities; Alabama Business Privilege Tax Act
Ashten Kimbrough Seay; Sirote & Permutt, P.C.;
Legal Alert/Article
March 19, 2015, previously published on January 26, 2015
In this week's ALWU, we share with you a decision from the 11th Circuit Court of Appeals and a decision from the Alabama Court of Civil Appeals. The first concerns a Congressional exemption from taxation granted to federal mortgage entities, and the second deals with the Alabama Business Privilege...

 

HTMLNew Jersey Supreme Court Puts Question of Affordable Housing Compliance Back in the Trial Courts
Robert Beckelman, Steven Firkser, Meryl A.G. Gonchar; Greenbaum, Rowe, Smith & Davis LLP;
Legal Alert/Article
March 19, 2015, previously published on March 15, 2015
On March 10, 2015, in a unanimous (6-0) decision, the New Jersey Supreme Court clarified the procedures for determining affordable housing in the 566 municipalities in the state. The Court’s decision in In re Adoption of N.J.A.C. 5:96 & 5:97 dissolved the administrative remedy for...

 

HTMLFourth Circuit Disallows $10 Million Conservation Eeasement Deduction by Imposing a Strict Requirement that Property Boundaries Be Fixed Perpetually, and Court Disregards the Easement's Savings Clause
David M. Wooldridge; Sirote & Permutt, P.C.;
Legal Alert/Article
March 19, 2015, previously published on January 7, 2015
Last month, the Fourth Circuit handed down its decision in Belk v. Comm'r, which is the first Appellate court opinion to interpret the Section 170(b)(2) requirement of a “qualified real property interest” in the context of donating a conservation easement. The Fourth Circuit held that...

 

HTMLAdministrative Fines for Unlawful Use of Land Parcels will be Calculated Based on Cadastral Value
Igor Gorokhov; Capital Legal Services;
Legal Alert/Article
March 18, 2015, previously published on March 2015
Administrative liability for unauthorized use of land is increased

 

HTMLIt's Not Over Until the Applicant Sings: Disinherited Son Secures Opera Singing Funding Less than 1975 Act
Paul Hewitt; Withers Bergman LLP;
Legal Alert/Article
March 18, 2015, previously published on March 11, 2015
The great majority of financial provision claims, ie those under the Inheritance (Provision for Family and Dependants) Act 1975, result in what is called a clean break order. However, occasionally claims are compromised on the basis of an order for periodical payments for a defined period. The case...

 

HTMLReal Estate Tax Exemption Issue Muddied Again
Philip H. Lebowitz; Duane Morris LLP;
Legal Alert/Article
March 13, 2015, previously published on January 10, 2015
On December 23, 2014, the Commonwealth Court of Pennsylvania logged another frustrating mile down the confused and confusing road of property tax exemption for purely public charities. In Fayette Resources, Inc. v. Fayette County Board of Assessment Appeals, the Court overturned a lower court...

 

HTMLFinancing Options:  Well, You Do Have Alternatives!
Brent M. Buckley, Lisa Arlyn Lowe; Buckley King A Legal Professional Association;
Legal Alert/Article
March 13, 2015, previously published by Properties Magazine on March 2015
Brent M. Buckley and Lisa Arlyn Lowe, partners with the law firm of Buckley King, highlight select alternative financing, incentive, and economic programs available as financing options for Ohio businesses and developers.

 

HTMLHome Issues Come to the Forefront in Florida's Divorce Mediation Process
Daniel M. Copeland Attorney at Law P.A.;
Legal Alert/Article
March 13, 2015
The importance of home ownership and real estate issues in divorces.

 

HTMLPleading Requirements for Illinois Mortgage Foreclosure Complaints Altered
Casey Hicks; Weltman, Weinberg & Reis Co., L.P.A.;
Legal Alert/Article
March 13, 2015, previously published on March 2, 2015
Illinois law requires a Grace Period Notice ("GPN") to be sent to the mortgagor(s) prior to commencing an action to foreclose a mortgage secured by residential real estate. The GPN must include the date the notice was mailed, be headed in bold 14-point type "GRACE PERIOD NOTICE"...

 

HTMLAsset Division for Florida Couples Can Be Difficult in Today's Real Estate Market
Daniel M. Copeland Attorney at Law P.A.;
Legal Alert/Article
March 13, 2015
How asset division works in today's real estate market.

 


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