Land law

As COVID-19 government relief and mortgage holidays end, new report tells investors how to prepare for an emerging foreclosures market

Retrieved on: 
Wednesday, January 6, 2021
Mortgage, United States housing bubble, Foreclosure, Real property law, Urban decay, Real estate, Articles, Land law

There has never been a comprehensive analysis and step-by-step manual that details how foreclosures exactly work in Canada.

Key Points: 
  • There has never been a comprehensive analysis and step-by-step manual that details how foreclosures exactly work in Canada.
  • According to Hunt, the report is not only useful to investors but homeowners as well, especially those seeking to avoid losing their homes due to foreclosure.
  • The report also comes with a Foreclosures Purchase Checklist, a tool designed to help investors decide whether or not to buy a particular foreclosed property.
  • Foreclosures can happen at any time, for a myriad of reasons, and during any phase of the real estate cycle.

Star-C Eviction Relief Fund Reports Remarkable Year-End Numbers as it Strategizes to Continue Efforts

Retrieved on: 
Tuesday, January 5, 2021
Forced migration, Eviction, Housing, Landlord–tenant law, Real property law, Landlord, CARES Act, Real estate, Land law, Property law

ATLANTA, Jan. 5, 2021 /PRNewswire/ --In April in the wake of the coronavirus, Atlanta-based nonprofit Star-C established its Eviction Relief Fund to help low-income apartment residents stay in their homes.

Key Points: 
  • ATLANTA, Jan. 5, 2021 /PRNewswire/ --In April in the wake of the coronavirus, Atlanta-based nonprofit Star-C established its Eviction Relief Fund to help low-income apartment residents stay in their homes.
  • Among the metrics Rease cites for the Eviction Relief Fund thus far:
    Raised $4.6 million for eviction relief and operational support, 85% of this from CARES Act funding provided by Cobb County, DeKalb County and the City of Atlanta for COVID-related hardships.
  • (Landlords qualify renters in need of assistance, and then can submit applications for a grant to fund rental delinquencies.
  • What started in 2019 as a simple "Eviction Lab" to bring together community organizations to study evictions at two low-income apartment communities owned by TriStar quickly grew into the Eviction Relief Fund.

Siamese Asset PCL (SET: SA) Shows High Integrated Real Estate Business Potential

Retrieved on: 
Monday, December 28, 2020
Condominium, Real property law, Land law, Real estate, Property law

Mr. Kajonsit Singsansern, Chief Executive Officer of Siamese Asset PCL, listed as an "Asset of Life" when the Company had its debut on the Stock Exchange of Thailand on December 25, under the SET designation "SA" in the Real Estate Development Category.

Key Points: 
  • Mr. Kajonsit Singsansern, Chief Executive Officer of Siamese Asset PCL, listed as an "Asset of Life" when the Company had its debut on the Stock Exchange of Thailand on December 25, under the SET designation "SA" in the Real Estate Development Category.
  • The Company's high and leveraged superior strength compared to competitors will help to ensure interest in SA shares among investors.
  • At present, SA is developing both horizontal and vertical real estate projects to cover every consumer segment, such as condominiums, single-detached and townhouses, with the concentration being on condominium projects in Bangkok on choice high-potential locations, with the business divided into three categories: Real estate development for sale; Real estate development for rent; and Real estate development for services.
  • Therefore, the Company's IPO was tremendously well received by the investors due to the strength of its real estate business foundation and the strong sustainable growth potential.

Fannie Mae Extends Protections for Renters Impacted by COVID-19

Retrieved on: 
Wednesday, December 23, 2020
Real property law, Real estate, Economy of the United States, Eviction, Forced migration, Housing, Landlord–tenant law, Landlord, Forbearance, Fannie Mae, Land law, Eviction in the United States

The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was formerly set to expire on December 31, 2020.

Key Points: 
  • The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was formerly set to expire on December 31, 2020.
  • Since March, Fannie Mae has taken a number of actions to help renters facing financial hardship due to COVID-19, including extending eviction protections to multifamily renters when the property owner received a forbearance and announcing a new Renters Resource Finder tool.
  • For renters, KnowYourOptions.com provides straightforward information to understand rent relief and assistance options and to understand the available tenant protections.
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans.

Land Trust Alliance Statement on Future of Charitable Conservation Easement Program Integrity Act

Retrieved on: 
Tuesday, December 22, 2020
Real property law, Property law, Real estate, Agriculture in the United States, Conservation easement, Energy law, Urban planning, Land law, Easement, Land trust, Land Trust Alliance, Montana Land Reliance

WASHINGTON, Dec. 22, 2020 /PRNewswire-PRWeb/ -- The Land Trust Alliance, a national land conservation organization working to save the places people need and love by strengthening land conservation across America, today commented on the future of the Charitable Conservation Easement Program Integrity Act.

Key Points: 
  • WASHINGTON, Dec. 22, 2020 /PRNewswire-PRWeb/ -- The Land Trust Alliance, a national land conservation organization working to save the places people need and love by strengthening land conservation across America, today commented on the future of the Charitable Conservation Easement Program Integrity Act.
  • The following statement is attributable to Andrew Bowman, president & CEO of the Land Trust Alliance:
    "While we are disappointed that the Charitable Conservation Easement Program Integrity Act did not pass this Congress, our efforts to enact this important legislation will continue in the new year.
  • A press release from the U.S. Department of Justice on this development is further evidence that the Charitable Conservation Easement Program Integrity Act should be enacted by Congress as soon as possible, and that investors should avoid abusive conservation easement tax shelters at all costs.
  • Founded in 1982, the Land Trust Alliance is a national land conservation organization that works to save the places people need and love by strengthening land conservation across America.

Associa Community Management Corporation Promotes Heather McGeeney to Division Director

Retrieved on: 
Tuesday, December 22, 2020
Real estate, Kieran McGeeney, Real property law, Homeowner association, Condominium, Center for Maine Contemporary Art, Subdivision, CMC, Urban planning, Land law

Chantilly, VA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- AssociaCommunity Management Corporation(CMC) announces the recent promotion of Heather McGeeney, CMCA, AMS, PCAM, to division director of the Maryland office.

Key Points: 
  • Chantilly, VA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- AssociaCommunity Management Corporation(CMC) announces the recent promotion of Heather McGeeney, CMCA, AMS, PCAM, to division director of the Maryland office.
  • McGeeney has managed condominium associations, both garden-style and high-rise, homeowners associations, developing communities, and marinas.
  • As CMCs new division director, Ms. McGeeney will be responsible for building client relationships, providing exceptional customer service, strategic planning, and business development.
  • With more than 200 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide.

Fla.'s Housing Market: Sales, Median Prices, New Listings Rise in November

Retrieved on: 
Tuesday, December 22, 2020
Real property law, Condominium, Housing, Townhouse, Condo, Real estate, Land law, Euthenics

"With high demand, Florida's housing market continues to gain momentum and provide support for the state's economy."

Key Points: 
  • "With high demand, Florida's housing market continues to gain momentum and provide support for the state's economy."
  • In November, closed sales of single-family homes statewide totaled 26,406, up 22.9% year-over-year, while existing condo-townhouse sales totaled 11,003, up 30.2% over November 2019.
  • The statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year in November for 107 consecutive months.
  • Last month's statewide median price for condo-townhouse units was $228,000, up 16.9% over the year-ago figure.

Existing-Home Sales Decrease 2.5% in November

Retrieved on: 
Tuesday, December 22, 2020
Real estate, National Association of Realtors, Foreclosure, Days on market, Land law, Articles

Distressed sales5 foreclosures and short sales represented less than 1% of sales in November, equal to October's percentage but down from 2% in November 2019.

Key Points: 
  • Distressed sales5 foreclosures and short sales represented less than 1% of sales in November, equal to October's percentage but down from 2% in November 2019.
  • 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.
  • 5Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR's Realtors Confidence Index , posted at nar.realtor.

With congressional passage of COVID relief, what's next to avoid mass evictions? A statement by former Treasury official David M. Dworkin, President and CEO National Housing Conference

Retrieved on: 
Sunday, December 20, 2020
Landlord–tenant law, Forced migration, Eviction, Housing, Real property law, Landlord, Real estate, Land law, Property law, Eviction in the United States

The $25 billion for eviction assistanceannounced by Congress today is a practical start for staving off the immediate threat of mass evictions across the country.

Key Points: 
  • The $25 billion for eviction assistanceannounced by Congress today is a practical start for staving off the immediate threat of mass evictions across the country.
  • Rapid distribution of rent relief is essential to stem a wave of evictions, says former Treasury official David Dworkin.
  • More will be needed to prevent housing insecurity for millions of low- and moderate-income households who are managing the economic fallout of the pandemic.
  • It is essential that Treasury fast-track regulations to guide distribution procedures, so that tenants and their landlords get the help they need now.

NCLA Urges NJ Court to Nix Order Directing Landlords to Use Security Deposits to Offset Rent

Retrieved on: 
Wednesday, December 16, 2020
Real property law, Renting, Land law, Property law, Finance, Landlord–tenant law, Landlord, Security deposit, Leasehold estate

v. Philip D. Murphy, et al.,NCLA represents New Jersey property owners who have been impacted by the order requiring them to use their tenants security deposits toward rent and criminalizing their failure to do so.

Key Points: 
  • v. Philip D. Murphy, et al.,NCLA represents New Jersey property owners who have been impacted by the order requiring them to use their tenants security deposits toward rent and criminalizing their failure to do so.
  • NCLAs complaint filed today argues the order violates the New Jersey Constitution by re-writing private contracts and the states landlord-tenant laws.
  • On its face, EO 128 claims to waive numerous state laws governing security deposits that were adopted by proper, constitutional legislative process.
  • The order is clearly picking winners and losers in duly established contractual relations between tenants and landlords.