Property law

U.S. Properties With Foreclosure Filings Continue Downward Trend Amid Coronavirus Pandemic

Thursday, August 13, 2020 - 5:01am

Nationwide one in every 15,337 housing units had a foreclosure filing in July 2020.

Key Points: 
  • Nationwide one in every 15,337 housing units had a foreclosure filing in July 2020.
  • A total of 4,530 U.S. properties started the foreclosure process in July 2020, down 7 percent from last month and 83 percent from a year ago.
  • Among metropolitan areas with a population greater than 1 million, those with the greatest number of foreclosure starts in July 2020 were Los Angeles, CA (285 foreclosure starts); New York, NY (190 foreclosure starts); Chicago, IL (182 foreclosure starts); Houston, TX (174 foreclosure starts); and Atlanta, GA (125 foreclosure starts).
  • Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter.

D-BOX Technologies Reports First Quarter and Improves Liquidity Position

Wednesday, August 12, 2020 - 10:07pm

This line of credit will be renewable annually and will bear interest at prime rate plus 3.25%.

Key Points: 
  • This line of credit will be renewable annually and will bear interest at prime rate plus 3.25%.
  • The loan will be secured by second-ranking hypothec and security interests on all assets of the Corporation and its U.S. subsidiary.
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  • We will continue to monitor closely our liquidity, apply for support programs, and remain diligent on any spending.
  • Partners such as SimLab, Vesaro, RSeat, VRX and Sim Seats, generated an increase in D-BOX system sales during the quarter.

Mixed Results for Multifamily in July: Lease Pricing Down; Concessions and Card Payments Up; Traffic Holding Steady

Tuesday, August 11, 2020 - 2:00pm

That's the verdict from Proptech firm MRI Software ("MRI"), whose data shows decreases in lease pricing and increases in concessions along with a steady stream of traffic and wider use of card payments by tenants.

Key Points: 
  • That's the verdict from Proptech firm MRI Software ("MRI"), whose data shows decreases in lease pricing and increases in concessions along with a steady stream of traffic and wider use of card payments by tenants.
  • Although it dropped slightly from June to July, it is still 16% ahead of July 2019 volumes.
  • After rising by 5% in June 2020 and regaining prior year levels, lease pricing in July gave that gain back.
  • "Last month we also expressed unease about tenants' use of card payments to pay rent and that continues," he adds.

Eviction Moratorium's May Cause Continued Confusion in Tenant Screening; Opines TenantScreeningUSA.com

Tuesday, August 11, 2020 - 11:00am

One example of a state is in Florida where the governor extended the moratorium on evictions through executive order.

Key Points: 
  • One example of a state is in Florida where the governor extended the moratorium on evictions through executive order.
  • Florida's eviction moratorium was yet again approaching an expiration deadline of 12:01 a.m. Saturday.
  • TenantScreeningUSA.com provides full-service tenant screening for landlords and property managers of any size and can greatly assist in remaining fully compliant with all existing law governing tenant screening.
  • With a highly trained and experienced staff, TenantScreeningUSA.com can provide help to landlords and property managers with all their tenant screening needs.

Cedar Realty Trust Reports Second Quarter 2020 Results And COVID-19 Update

Monday, August 10, 2020 - 9:05pm

These tenants had aggregate base rent and monthly charges of approximately $0.6 million for the quarter ended June 30, 2020.

Key Points: 
  • These tenants had aggregate base rent and monthly charges of approximately $0.6 million for the quarter ended June 30, 2020.
  • The principal difference in the comparative three-month results were the effects of COVID-19 in 2020, and a gain on a property sold in 2019.
  • The principal differences between the comparative six-month Operating FFO results were the effects of COVID-19 and lease termination income in 2020.
  • During the second quarter of 2020, the Company signed 21 leases for 182,300 square feet.

Wolters Kluwer Lien Solutions Urges U.S Lenders to Consider Key Risk Strategies to Support Growth in The FT’s Banker Thought Leadership Article

Monday, August 10, 2020 - 2:00pm

Thats according to Wolters Kluwer Lien Solutions , writing in a new Thought Leadership article published in The Financial Times Banker magazine.

Key Points: 
  • Thats according to Wolters Kluwer Lien Solutions , writing in a new Thought Leadership article published in The Financial Times Banker magazine.
  • Setting the stage for long-term growth should be top of mind for every lender, given the ongoing COVID-19 pandemic, Wolters Kluwer notes.
  • Ultimately, the COVID-19 pandemic is an opportunity for lenders to differentiate themselves from the pack, notes Raja Sengupta, Executive Vice President and General Manager for Wolters Kluwer Lien Solutions and co-author of the article.
  • Wolters Kluwer Lien Solutions, part of the Wolters Kluwers Governance, Risk & Compliance division, is the leading technology and service provider of comprehensive lien management, debtor due diligence, monitoring, and risk management solutions to financial professionals.

Advanced Fraud Solutions Finds New Customers, Avenues for Growth in the First Half of 2020

Monday, August 10, 2020 - 2:00pm

"Fraud continues to plague financial institutions, ranging from instances of simple user-error to coordinated attacks from well-organized fraud networks," said Lawrence Reaves, President and CEO, AFS.

Key Points: 
  • "Fraud continues to plague financial institutions, ranging from instances of simple user-error to coordinated attacks from well-organized fraud networks," said Lawrence Reaves, President and CEO, AFS.
  • AFS has taken several strategic moves over the first half of the year to ensure deposit channels are secure.
  • Advanced Fraud Solutions was founded in 2007 with the simple mission to help financial institutions and businesses prevent fraud in real-time by utilizing our comprehensive private cloud-based software solutions at the frontline and in the back office.
  • At Advanced Fraud Solutions, we know the best way to fight fraud is to prevent it.

Naborly Announces Credit Report Powered by Equifax

Friday, August 7, 2020 - 2:45pm

SAN FRANCISCO, Aug. 7, 2020 /PRNewswire/ -- Naborly , the modern-day property management software for everyday landlords, today announced a new product, Naborly Credit Report, which grants landlords in the U.S. and Canada fast and affordable access to comprehensive tenant credit reports.

Key Points: 
  • SAN FRANCISCO, Aug. 7, 2020 /PRNewswire/ -- Naborly , the modern-day property management software for everyday landlords, today announced a new product, Naborly Credit Report, which grants landlords in the U.S. and Canada fast and affordable access to comprehensive tenant credit reports.
  • Naborly Tenant Insights, the company's flagship product formerly known as Naborly Report, remains its core offering to help landlords make data-driven decisions for each lease application they receive.
  • Naborly Credit Report is powered by Equifax and provides landlords with a quick snapshot of their potential tenant's financial situation.
  • For $25, landlords can submit a credit report request with applicant approval and in 90 minutes receive a breakdown of the tenant applicant's credit score, credit history, and number of inquiries.

AVROBIO Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Friday, August 7, 2020 - 12:00pm

Vesting of each option award is subject to continued service with AVROBIO by the employee through the applicable vesting dates.

Key Points: 
  • Vesting of each option award is subject to continued service with AVROBIO by the employee through the applicable vesting dates.
  • AVROBIO is powered by the plato gene therapy platform, our foundation designed to scale gene therapy worldwide.
  • Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements.
  • AVROBIO explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.

Dorchester Minerals, L.P. Announces Second Quarter Results

Thursday, August 6, 2020 - 7:19pm

The Partnership previously declared its second quarter distribution in the amount of $0.226318 per common unit payable on August 13, 2020 to common unit holders of record as of August 3, 2020.

Key Points: 
  • The Partnership previously declared its second quarter distribution in the amount of $0.226318 per common unit payable on August 13, 2020 to common unit holders of record as of August 3, 2020.
  • The Partnerships cash distributions are not comparable to its net earnings due to timing and other differences including depletion.
  • Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 27 states.
  • Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected.