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|It is a Good Time to Borrow Again|
Kohrman Jackson Krantz PLL;
February 20, 2015, previously published on December 15, 2014 According to the US Energy Information Administration, U.S. weekly regular gasoline retail prices averaged $2.78/gallon (gal) on December 1, the lowest since October 4, 2010. U.S. regular gasoline retail prices are projected to continue declining for the remainder of the year, and average $2.60/gal...
|In Florida Property Division Cases, Hidden Money Often Surfaces|
Daniel M. Copeland Attorney at Law P.A.;
February 19, 2015It is often the case that during these negotiations, one spouse is shocked at the numbers on the other spouse¿s statement because they do not match what he or she knows to be true.
|Federal Tenant Protection Act Scheduled to Expire|
Weltman Weinberg Reis Co. L.P.A.;
February 18, 2015, previously published on December 29, 2014In 2009, President Obama signed into law the federal Protecting Tenants at Foreclosure Act (PTFA), granting tenants, under certain circumstances, the right to live out their lease or at least 90 days' notice before having to vacate a property sold at foreclosure sale. PTFA came at the height of the...
|Failure to Record a Satisfaction of Mortgage Can Become Costly in the State of Ohio|
Benjamin Hoen; Weltman, Weinberg & Reis Co., L.P.A.;
February 18, 2015, previously published on January 02, 2015 An Act has been introduced by the Ohio legislature, known as H.B. 201, which will make it very costly for a mortgagee, or any successor or assignee of the original mortgagee, who receives a payoff from the homeowner, and fails to timely record a satisfaction of mortgage. The Act has passed both the...
|Massachusetts Court Rejects Economic Loss Rule in Development Claim|
Sally Fitch LLP;
February 18, 2015Condominium associations scored a legal win late last year with a decision rendered by the Massachusetts Appeals Court in Wyman v. Ayer Properties, LLC, 83 Mass. App. Ct. 21 (2012). In the case, the court barred use of the economic loss rule thus ruling in favor of the association for losses...
|Documentary Stamp Taxes: Enforcing a Promissory Note and Mortgage Prior to Payment|
Karl R. Gruss, Edward Lee Kelly; Rogers Towers, P.A.;
February 18, 2015, previously published on January 13, 2015While failure to pay Florida’s documentary stamp taxes on a promissory note or mortgage can subject the offender to criminal and financial sanctions, the state’s courts of appeal are split when it comes to determining whether Florida law permits enforcement of a note or mortgage when...
|Implied Contract Terms: Leases and Rent Refunds|
February 18, 2015, previously published by ParrisWhittakerParties to commercial leases should appreciated and understand the extent of their rights and responsibilities to commercial landlords, to minimize the risk of disputes. The expert commercial litigation lawyers at Bahamas firm ParrisWhittaker are highly experienced in providing legal advice to...
|Maryland's Lead Risk Reduction in Housing Act|
Ruth O. Katz; Lerch Early Brewer Chartered;
February 18, 2015, previously published on December 16, 2014Effective January 1, 2015, all residential rental properties constructed prior to 1978 must comply with the Maryland Lead Risk Reduction in Housing Act by paying a fee and registering with the Department of the Environment, having the rental property tested for the presence of lead prior to changes...
|Overview of HUD’s 2013 Guidance on Assistance Animals as Reasonable Accommodations under the Federal Fair Housing Statutes, and Post-guidance Developments|
Yoora Pak, Angela M. Sekerka; Wilson Elser Moskowitz Edelman & Dicker LLP;
February 18, 2015, previously published on December 18, 2014The Fair Housing Amendments Act (FHAA) makes it unlawful to discriminate against disabled individuals in the sale or rental, or to otherwise make unavailable or deny, a dwelling to any buyer or renter because of disability. 42 U.S.C.S. § 3604(f)(1). The FHAA’s definition of unlawful...
|Can You Lien Yourself? Sometimes the Answer is, Yes!|
Michael R. Bosse; Bernstein Shur;
February 18, 2015, previously published on December 23, 2014In Peabody-Waterside Development, LLC v. Island of Waterside, LLC, an Illinois Appellate Court concluded that a member of an LLC could rightfully lien its own LLC to collect amounts for grading and site development work. While the concept of liening your own entity may seem strange, in the right...