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|Sacramento Kings Win Again; Second CEQA Challenge Rejected|
Shadi Mahmoudi, Maria Pracher; Sheppard, Mullin, Richter & Hampton LLP;
March 27, 2015, previously published on March 10, 2015The Court of Appeal for the Third Appellate District of California has ruled in favor of the City of Sacramento with regard to a series of challenges brought under CEQA to certification of an EIR and approval of a project to build a new arena in downtown Sacramento. The project involves a...
|Consider a Receiver's Sale as an Alternative to a Sheriff's Sale in Ohio|
Benjamin Hoen; Weltman, Weinberg & Reis Co., L.P.A.;
March 27, 2015, previously published on March 20, 2015Receivership has traditionally been used in foreclosure cases in order to collect rents from tenants while the foreclosure case is pending. Ohio's recently amended receivership statute1, which becomes effective on March 23, 2015, establishes new grounds for the appointment of a receiver, expands...
|Court of Appeals Affirms Holding That Letter of Intent is Enforceable Where It Contained All Necessary Terms and Did Not Explicitly Reject Being Bound.|
Gregory S. Emrick; Semmes, Bowen & Semmes A Professional Corporation;
March 27, 2015, previously published on February 2015Falls Garden Condominium Association, Inc. (“Falls Garden”) mistakenly believed that it owned 65 parking spaces adjacent to their building. After 23 years, Falls Garden set up parking signs indicating unauthorized vehicles would be towed. The actual lot owner, Falls Homeowners...
|It’s a Bird, It’s a Plane, It’s...Super Priority! A Brief Primer on Purchase Money Security Interests|
Jamie Watkins Bruno; Williams Mullen;
March 24, 2015, previously published on March 5, 2015A “purchase-money security interest” (or “PMSI”) is a security interest securing a “purchase-money obligation”, or an obligation incurred by a debtor to buy collateral (known as “purchase-money collateral”). Such obligation can be in the form of...
|CFPB Observer: Recent Developments from Feb. 9-13, 2015 |
Peter L. Cockrell, Brett M. Kitt, Gil Rudolf, J. Scott Sheehan; Greenberg Traurig, LLP;
March 24, 2015, previously published on February 17, 2015On Feb. 9, the CFPB issued a report on consumer complaints regarding reverse mortgages. A reverse mortgage, which is only available to people above a certain age, is a particular type of home mortgage loan that permits older homeowners to access the equity in their homes. Repayment of the loan is...
|CFPB Increases Scrutiny With Respect to Mortgage Loan Advertising Practices|
Jack J. Lah; Weltman, Weinberg & Reis Co., L.P.A.;
March 24, 2015, previously published on March 3, 2015The Consumer Financial Protection Bureau ("CFPB") has been quite active over the past thirty days. The CFPB has, as of late, increased its scrutiny with respect to mortgage loan advertising practices, alleged kickbacks and reverse mortgages.
|Payment by Installments for Changing the Permitted Use of the Land Parcel in Moscow is Possible|
Elena Stepanova; Capital Legal Services;
March 23, 2015, previously published on March 2015The Moscow Government provided the landowners an opportunity to pay for the permitted use in installments
|Apartment Living in the Lehigh Valley’s Cities on the Rapid Increase|
Scott B. Allinson; Norris McLaughlin & Marcus, P.A. A Professional Corporation;
March 23, 2015, previously published on January 21, 2015It was recently reported that a 62-year-old long-time resident of North Whitehall Township is planning to sell his 3,400 square foot home in order to move into City Center’s new Strata Flats apartment complex located directly across from the PPL Center Arena and new Marriott Renaissance...
|Is Your Real Property Tax Too High? Now is the Time to Consider a Protest or Appeal|
Laura J. Genovich, Steven L. Owen; Foster, Swift, Collins & Smith, P.C.;
March 20, 2015, previously published on March 6, 2015As a result of an improving Michigan economy, real property values have been on the rise, and property taxes are following suit. Tax assessors have been busy at work assessing property values during January and February. If you own personal or commercial real property you either have, or will soon...
|Zoning and the Fifth Amendment: When do Zoning Regulations “Go Too Far”?|
Scott H. Hogan, Julie C. LaVille; Foster, Swift, Collins & Smith, P.C.;
March 20, 2015, previously published on March 6, 2015The Michigan Court of Appeals recently rejected a landowner’s challenge of a zoning restriction as a regulatory taking requiring just compensation under the Fifth Amendment. In Grand/Sakwa of Northfield, LLC v. Twp. of Northfield, 304 Mich. App. 137, 851 N.W.2d 574 (Mich. Ct. App. 2014), the...