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HTMLSophisticated Email Scams Targeting the Real Estate Industry
Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
February 15, 2016, previously published on January 28, 2016
A sophisticated (and effective) wire-fraud scam targeting real estate (and other) transactions is on the rise, and mostly occurring in the United States.

 

HTMLTrustee Need Not Be (Physically) Present at Foreclosure Sale
Seth M. Rotenberg; Gordon Feinblatt LLC;
Legal Alert/Article
February 15, 2016, previously published on January 2016
In the recent case of Fisher v. Ward, et al., 226 Md. App. 149, 126 A.3d 825 (2015), the Court of Special Appeals held that a foreclosure trustee need not be physically present at a foreclosure sale and that the trustee’s “constructive presence” would suffice. Additionally, the...

 

HTMLPurchaser at Tax Sale Does Not Have the Right to Move to Strike a Judgement Foreclosing the Right of Redemption
Edward J. Levin; Gordon Feinblatt LLC;
Legal Alert/Article
February 15, 2016, previously published on January 2016
In CapitalSource Bank, f/b/o Aeon Financial, LLC v. First Liberty National Bank of Maryland, No. 1647, Sept. Term, 2013, unreported (Md.Ct.Spec.App. April 13, 2015), First Liberty National Bank of Maryland owned real property in Prince George’s County but did not pay the taxes on the...

 

HTMLContractor May Maintain Suit for Payment If It Has Substantially Compiled With the Licensing Law
Edward J. Levin; Gordon Feinblatt LLC;
Legal Alert/Article
February 15, 2016, previously published on January 2016
Glen Valley Builders, LLC v. James S. Whang, No. 1141, Sept. Term, 2014, unreported (Md.Ct.Spec.App. Oct. 6, 2015), involved a lawsuit by a contractor against the homeowners who had engaged it. James S. Whang and Haibin E.C. Whang purchased the residential property in Potomac on April 10, 2009 from...

 

HTMLPersonal Suit May Be Brought in Maryland Under Loan Secured by Real Property in Washington, D.C.
Edward J. Levin; Gordon Feinblatt LLC;
Legal Alert/Article
February 15, 2016, previously published on January 2016
In National Institutes of Health Federal Credit Union v. Butler, No. 2100, Sept. Term, 2014, unreported (Md.Ct.Spec.App. Dec. 3, 2015), the Court of Special Appeals held that the noteholder could bring an in personam action in Maryland on a promissory note which is secured by residential property...

 

HTML5 Real Estate Trends to Watch For in 2016
David H. Gunning; McDonald Hopkins LLC;
Legal Alert/Article
February 12, 2016, previously published on February 8, 2016
We all look for things in the real estate market that lead us to see trends. With that in mind, here are five trends to watch for in 2016.

 

Adobe PDFNew Jersey Appellate Division Ruling Resolves Disagreement Over Application of 'Discovery Rule' to Construction Defect Claims by Condominium Associations
Elyse H. Wolff; Greenbaum, Rowe, Smith & Davis LLP;
Legal Alert/Article
February 11, 2016, previously published on February 2016
In The Palisades at Fort Lee Condominium Association, Inc. v. 100 Old Palisade, LLC, et al., the Appellate Division of the Superior Court of New Jersey determined that the “discovery rule” tolls the six year statute of limitations within which a condominium association must file suit...

 

HTMLSublease Agreements within the Context of the Turkish Code of Obligations
Ece Yżlmaz; Erdem Erdem Law Office;
Legal Alert/Article
February 5, 2016
Lease agreements are amongst the most common types of agreements, organizing property usage, as regulated under the Turkish Code of Obligations numbered 6098 (“TCO”). Authority to sublet a leased property to third parties is one of the authorizations of the TCO granted to the lessee,...

 

HTMLTermination of Agreement under section 112 of the Condominium Act, 1998 - Not So Fast
Tammy A. Evans; Blaney McMurtry LLP;
Legal Alert/Article
February 4, 2016, previously published on January 12, 2016
In a precedent setting case, the Ontario Superior Court of Justice recently ruled that a board of directors of a condominium must secure the vote of a two-thirds majority of unit owners before terminating an agreement under section 112 of the Condominium Act, 1998 (the “Act”) where the...

 

HTMLU.S. Treasury Department Will Require Certain Title Insurance Companies and Their Agents To Report the Identities of the Ultimate Beneficial Owners of Entities Used To Buy Manhattan or Miami Residential Real Estate in All-Cash Purchases 
Shannon L. Bothwell, Jared E. Dwyer, Carl A. Fornaris, Robert J. Ivanhoe, Wendy Li; Greenberg Traurig, LLP;
Legal Alert/Article
February 2, 2016, previously published on January 15, 2016
On Jan. 13, 2016, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) issued Geographic Targeting Orders (GTOs) applicable to certain U.S. title insurance companies and their subsidiaries and “agents” (collectively, the Targeted Title Insurance...

 


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