Land law

LegalShield February Economic Stress Index Foreshadows Potential Surge in Evictions and Foreclosures Despite Newly Promised Stimulus

Retrieved on: 
Friday, March 12, 2021
Finance, Professional services, Residential Building & Real Estate, Legal, Construction & Property, Real property law, Finance, Money, Land law, United States housing bubble, Mortgage, Eviction, Housing, Landlord–tenant law, LegalShield, Foreclosure, Mortgage loan

While evictions and foreclosures are still well below pre-pandemic levels, millions of homeowners have fallen behind at least three months on their mortgage.

Key Points: 
  • While evictions and foreclosures are still well below pre-pandemic levels, millions of homeowners have fallen behind at least three months on their mortgage.
  • Unfortunately, as our members use our service for advice on foreclosures, evictions, and landlord/tenant issues, we believe we will see a rise in these events.
  • The LegalShield Economic Stress Index is constructed from the companys proprietary data reflecting demand for legal services and provides actionable intelligence about the near-term direction of the U.S. economy.
  • Highlights from the February 2021 LegalShield Economic Stress Index are as follows:
    The Consumer Stress Index edged up in February as more LegalShield plan members sought assistance in dealing with consumer / finance issues including billing disputes, credit repair, insurance matters, etc.

Small Property Landlords Continue to Suffer as Moratorium End Looms; Opines TenantScreeningUSA.com

Retrieved on: 
Friday, March 12, 2021
Landlord–tenant law, Real property law, Eviction, Forced migration, Housing, Tenant screening, Landlord, Economy, Land law, Articles, Eviction in the United States

WALTHAM, Mass., March 12, 2021 /PRNewswire-PRWeb/ --Small property landlords and renters alike will face further challenge with the potential cessation of the federal eviction moratorium on March 31, 2021.

Key Points: 
  • WALTHAM, Mass., March 12, 2021 /PRNewswire-PRWeb/ --Small property landlords and renters alike will face further challenge with the potential cessation of the federal eviction moratorium on March 31, 2021.
  • Boston Housing Authority extension on their eviction moratorium through the end of March 2021 highlights a looming nationwide challenge as related moratoriums end as well.
  • (3)
    "In the end," Almeida concludes, "it appears likely that additional legislative action will occur and landlords of smaller properties should take immediate note.
  • With a highly trained and experienced staff, TenantScreeningUSA.com can provide help to landlords and property managers with all their tenant screening needs.

Greenberg Traurig Appellate Team Wins 2 Landmark Real Property Cases Before New York's Highest Court

Retrieved on: 
Friday, February 19, 2021
Greenberg Traurig, Greenberg, Foreclosure, Articles, Law, Land law

NEW YORK, Feb. 19, 2021 /PRNewswire-PRWeb/ -- A Greenberg Traurig (GT) Appellate team led by Shareholder Patrick Broderick and Of Counsel Brian Pantaleo won in two landmark real property cases before the New York Court of Appeals involving the statute of limitations in mortgage foreclosure cases.

Key Points: 
  • NEW YORK, Feb. 19, 2021 /PRNewswire-PRWeb/ -- A Greenberg Traurig (GT) Appellate team led by Shareholder Patrick Broderick and Of Counsel Brian Pantaleo won in two landmark real property cases before the New York Court of Appeals involving the statute of limitations in mortgage foreclosure cases.
  • The two cases are ground-shifting in New York real property law.
  • About Greenberg Traurig's Appellate Practice: Greenberg Traurig's Appellate Group has been involved in some of the most important and consequential cases of our time.
  • About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East.

Existing-Home Sales Tick Up 0.6% in January

Retrieved on: 
Friday, February 19, 2021
Mixed liquor suspended solids, Sewerage, Foreclosure, Articles, Real estate, Land law

Sales easily could have been even 20% higher if there had been more inventory and more choices.

Key Points: 
  • Sales easily could have been even 20% higher if there had been more inventory and more choices.
  • Distressed sales5 foreclosures and short sales represented less than 1% of sales in January, equal to Decembers percentage but down from 2% in January 2020.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

Eviction Moratorium First up for New Administration, but Challenges May Continue; Opines TenantScreeningUSA.com

Retrieved on: 
Tuesday, February 9, 2021
Eviction, Forced migration, Housing, Landlord–tenant law, Tenant screening, Landlord, Economy, Articles, Land law, Eviction in the United States

Among them was an extension of the eviction moratorium for renters who have fallen behind on their bills due to unemployment or reduced wages during the pandemic.

Key Points: 
  • Among them was an extension of the eviction moratorium for renters who have fallen behind on their bills due to unemployment or reduced wages during the pandemic.
  • The order asks the Centers for Disease Control and Prevention (CDC) to extend the federal eviction moratorium, which is set to expire on Jan. 31, through at least March 31.
  • From MarketWatch.com on January 22, 2021:
    Moreover, advocates have cautioned that the existing eviction moratorium is imperfect.
  • With a highly trained and experienced staff, TenantScreeningUSA.com can provide help to landlords and property managers with all their tenant screening needs.

Fla.'s Housing Market: Sales, Median Prices, New Listings Show Gains in December

Retrieved on: 
Friday, January 22, 2021
Real property law, Condominium, Townhouse, Condo, Real estate, Land law, Euthenics

However, a continued shortage of for-sale inventory is having an impact on prices and attainable, affordable housing."

Key Points: 
  • However, a continued shortage of for-sale inventory is having an impact on prices and attainable, affordable housing."
  • In December, closed sales of single-family homes statewide totaled 30,478, up 21% year-over-year, while existing condo-townhouse sales totaled 12,752, up 27.7% over December 2019.
  • The statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year in December for 108 consecutive months.
  • Last month's statewide median price for condo-townhouse units was $230,000, up 13.7% over the year-ago figure.

Erie County, PA annual Judicial Real Estate Tax Auction Sale moves to online auction platform GovDeals.com

Retrieved on: 
Thursday, January 21, 2021
Real property law, State taxation in the United States, Government, Tax noncompliance, Tax sale, Real estate, Tax, Land law, American Tax Funding

ERIE COUNTY, Pa., Jan. 21, 2021 (GLOBE NEWSWIRE) -- The Erie County, PA annual Judicial Real Estate Tax Sale, featuring properties that werent sold in the last Upset Tax Sale, will be held virtually on GovDeals.com , an online government surplus marketplace.

Key Points: 
  • ERIE COUNTY, Pa., Jan. 21, 2021 (GLOBE NEWSWIRE) -- The Erie County, PA annual Judicial Real Estate Tax Sale, featuring properties that werent sold in the last Upset Tax Sale, will be held virtually on GovDeals.com , an online government surplus marketplace.
  • The properties being sold during this Judicial Sale are properties that have accumulated delinquent property taxes, were offered for sale during the last Upset Tax Sale, and not sold during that time.
  • Unlike an Upset Tax Sale, these properties will be sold free and clear of all eligible claims, liens, mortgages, tax claims and charges accumulated through March 2020 to the new owners.
  • This online sale is a first for the county as previous county tax sales were held in person.

Gryphon USA: Biden plan to delay evictions ends with little benefit for tenants or landlords

Retrieved on: 
Monday, January 18, 2021
Forced migration, Biden family, Joe Biden, Foreclosure, Eviction, Real estate, Articles, Land law

"In the end, there will be an even bigger tsunami of evictions and foreclosures," said Kruse, principal of Gryphon USA.

Key Points: 
  • "In the end, there will be an even bigger tsunami of evictions and foreclosures," said Kruse, principal of Gryphon USA.
  • That has since been extended to January 31 to allow Biden to take office and weigh in on the issue.
  • "Tenants are still behind, landlords are potentially still behind, and there is still no plan for what happens next other than higher taxes more national debt and looming inflation.
  • The Biden team continues to kick an already dented can down a crumbling road for another year."

Eviction Tsunami Delayed but Covid Related Evictions Could Resume and Cause Havoc, Opines TenantScreeningUSA.com

Retrieved on: 
Wednesday, January 13, 2021
Eviction, Forced migration, Housing, Landlord–tenant law, Landlord, Tenant screening, Real estate, Land law, Articles

Thousands of renters face the loss of housing when the federal moratorium on evictions is lifted on February 1, 2021.

Key Points: 
  • Thousands of renters face the loss of housing when the federal moratorium on evictions is lifted on February 1, 2021.
  • Unless state or federal agencies step in to quell the tsunami of evictions, the impact will be significant, specifically to renters but to landlords as well.
  • The CDC related moratorium evictions still took place but on a smaller scale.
  • With a highly trained and experienced staff, TenantScreeningUSA.com can provide help to landlords and property managers with all their tenant screening needs.

Landlord Studio Launches A Revolutionary Rent Collection Solution

Retrieved on: 
Tuesday, January 12, 2021
Real property law, Landlord–tenant law, Landlord, Land law, Tenant screening, Property law, Real estate, Affordable housing, Housing in the United Kingdom, Key money

PORTLAND, Ore., Jan. 12, 2021 /PRNewswire-PRWeb/ --Landlord Studio, the leading property management solution, has launched an Online Rent Collection tool purpose-built for landlords.

Key Points: 
  • PORTLAND, Ore., Jan. 12, 2021 /PRNewswire-PRWeb/ --Landlord Studio, the leading property management solution, has launched an Online Rent Collection tool purpose-built for landlords.
  • Landlord Studio focuses on supplying an effective and affordable industry-specific solution for DIY landlords.
  • They tackle key rental management problems like income and expense tracking, tenant screening, and now Online Rent Collection.
  • Once rent payments have been made the Landlord Studio software then recognizes and automatically reconciles the income against the relevant property and tenant, before notifying the landlord.