Real property law

Recovery Base Sends Letter to Congress on Behalf of Foreclosure and Bankruptcy Victims

Retrieved on: 
Thursday, August 22, 2019
Residential Building & Real Estate, Construction & Property, Other Professional Services, Legal, Public policy, Finance, Banking, Professional services, Congressional News, Views, Public policy, Government, Other Construction & Property, United States housing bubble, Real property law, Mortgage, Foreclosure, Urban decay, Pro se legal representation in the United States, Finance, Law, Money, Bankruptcy

A copy of the letter to the 116th Congress of the United States has been placed on the companys website.

Key Points: 
  • A copy of the letter to the 116th Congress of the United States has been placed on the companys website.
  • The letter also noted that American citizens are not the only victims of major banks and their nominees.
  • Those in foreclosure and bankruptcy are not the only ones complaining.
  • Recovery Base has set up an email hotline for pro se and other distressed litigants who believe they are victims of fraud and misconduct in foreclosure cases.

Industrious Raises $80 Million in Series D to Accelerate Asset-Light Growth through Landlord Partnerships

Retrieved on: 
Thursday, August 22, 2019
Property, Law, Real property law, Economy, Real estate, Business law, Lease, Property law, Landlord

The round accelerates Industrious's industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships.

Key Points: 
  • The round accelerates Industrious's industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships.
  • Through landlord partnerships, Industrious manages and operates flexible workspaces, large enterprise suites, and building-wide shared amenities while providing landlords income 30% above a market lease.
  • Industrious has secured over 20 landlord partners to-date including: Hines, EQ Office, Macerich, Jamestown LP, and more.
  • The Series D brings the total raised by Industrious to $222 million.

Black Knight's First Look: July Prepayment Activity Hits Highest Level Since 2016; Mortgage Delinquencies See Strong Recovery from June Spike

Retrieved on: 
Thursday, August 22, 2019
United States housing bubble, Mortgage, Foreclosure, Real property law, Urban decay, Mortgage loan, Economy, Money, Finance

1)Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • 1)Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • 2)All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

Fla.'s Housing Market: Closed Sales, Pending Sales, Median Prices Up in July 2019

Retrieved on: 
Wednesday, August 21, 2019
Real property law, Real estate, Housing, Townhouse, National Association of Realtors, Condominium, Orlando, Florida, Land law, Cities in the United States

ORLANDO, Fla., Aug. 21, 2019 /PRNewswire/ --Florida's housing market reported more closed sales, more pending sales and higher median prices in July compared to a year ago, according to the latest housing data released by Florida Realtors.

Key Points: 
  • ORLANDO, Fla., Aug. 21, 2019 /PRNewswire/ --Florida's housing market reported more closed sales, more pending sales and higher median prices in July compared to a year ago, according to the latest housing data released by Florida Realtors.
  • "In another positive sign, pending inventory for existing single-family homes was up 4.5% year-over-year, while pending inventory for existing condo-townhouse properties was up 1.2%."
  • Pending inventory is the number of listed properties that were under contract at the end of the month or data collection period.
  • In July, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for 91 consecutive months.

Nonprofit Alliance of Consumer Advocates Helps a Distraught La Quinta California Homeowner with Yet Another Foreclosure Trustee Sale Reversal, To the Delight of Homeowner

Retrieved on: 
Tuesday, August 20, 2019
United States housing bubble, Mortgage, Real property law, Foreclosure, Urban decay, Land law, Real estate, Property law

Struggling to get meaningful assistance from even one lender only to have her loan transferred to another added to her endless frustration.

Key Points: 
  • Struggling to get meaningful assistance from even one lender only to have her loan transferred to another added to her endless frustration.
  • Ms. Svetlana's troubled home loan was in and out of default various times for the past decade without ever really being permanently resolved.
  • The Nonprofit Alliance of Consumer Advocates, is the Financial Literacy division of the faith-based 'Serve All Help All' and holds a 501 C3 credential issued by the Federal Government.
  • The Nonprofit Alliance of Consumer Advocates main goal is to properly inform you of all viable options available to you to avoid continued hardship that can result in foreclosure.

FHA RELEASES UPDATED APPROVAL RULES FOR CONDOMINIUMS

Retrieved on: 
Wednesday, August 14, 2019
Mortgage industry of the United States, Loans, Money, Economy, Finance, Condominium, Real property law, Federal assistance in the United States, Mortgage loan, Mortgage, FHA insured loan, FHA-Secure, Mortgage industry of the United States, Loans, Money, Economy, Finance, Condominium, Real property law, Federal assistance in the United States, Mortgage loan, Mortgage, FHA insured loan, FHA-Secure

Following the housing crisis in 2008, the FHA condominium approval process severely impacted access to FHA-insured mortgages, which hurt homeowners and household formation.

Key Points: 
  • Following the housing crisis in 2008, the FHA condominium approval process severely impacted access to FHA-insured mortgages, which hurt homeowners and household formation.
  • A balanced, data-driven condominium approval process at FHA has been a long-term public policy priority for CAI.
  • Key elements of the newly released approval process include:
    Single-unit approvals allowed: FHA will insure up to 10% of mortgages in condominiums without FHA approval provided the condominium is financially stable.
  • FHA concentration rate increased: FHA will now insure up to 75% of condominium unit mortgages in a condominium project.

RMO LLP’s Scott Rahn Selected for The Best Lawyers in America 2020 Edition Litigation Trusts and Estates

Retrieved on: 
Thursday, August 15, 2019
Legal, Professional services, Inheritance, Probate, Real property law, Law, Lindquist & Vennum

Probate and trust estate litigation law firm RMO LLP announced today that Scott Rahn , founding and managing partner, has once again been selected by his peers for inclusion in The Best Lawyers in America for his work in the area of Trusts and Estates Litigation.

Key Points: 
  • Probate and trust estate litigation law firm RMO LLP announced today that Scott Rahn , founding and managing partner, has once again been selected by his peers for inclusion in The Best Lawyers in America for his work in the area of Trusts and Estates Litigation.
  • Rahn serves as lead trial lawyer at RMO LLP for probate and trust estate controversy matters.
  • Lawyers are not required or allowed to pay a fee to be listed; therefore, inclusion in Best Lawyers is considered a singular honor.
  • Corporate Counsel magazine has called Best Lawyers "the most respected referral list of attorneys in practice."

Deputy Banking Commissioner of Wyoming Leaves Post to Join Prime Trust as Chief of Regulatory Affairs & Compliance

Retrieved on: 
Wednesday, August 14, 2019
Banking, Professional services, Real property law, Economy, Banking, Escrow, Personal finance, Bank, Law

Prime Trust announced today that Amanda Ortega has joined the company as its Chief of Regulatory Affairs and Compliance.

Key Points: 
  • Prime Trust announced today that Amanda Ortega has joined the company as its Chief of Regulatory Affairs and Compliance.
  • As Deputy Banking Commissioner for the State of Wyoming, Ms. Ortega was responsible for the oversight and examination of the states banks and trust companies.
  • Prime Trust is a Nevada chartered trust company that, as a technology-driven financial institution provides B2B custody, escrow, compliance, fiat processing, transaction software and other services.
  • Prime Trust delivers its FinTech services via extensive APIs and is a member of the American Banking Association and the Nevada Trust Company Association.

Capital Square Makes Inc. 5000 List of Most Successful Companies in the Country for Third Consecutive Year

Retrieved on: 
Thursday, August 15, 2019
Delaware statutory trust, Economy, Internal Revenue Code section, Tax advantage, Money, Taxation in the United States, Real property law

"Capital Square specializes in providing investors with turn-key, tax-advantaged real estate offerings, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and elimination.

Key Points: 
  • "Capital Square specializes in providing investors with turn-key, tax-advantaged real estate offerings, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and elimination.
  • Capital Square ranked 2,571 on this year's list.
  • The Inc. 5000 list is comprised of the top 5,000 fastest-growing private firms in America and is based on a three-year percentage of revenue growth rate.
  • Founded in 2012, the investor-centric company has quickly grown to have completed more than $1.5 billion in transaction volume.

Over 1.5 Million Vacant U.S. Homes In Q3 2019 Represent 1.6 Percent Of All Single-Family Homes And Condos

Retrieved on: 
Thursday, August 15, 2019
Property, Mortgage, Land law, United States housing bubble, Real estate, Law and economics, Foreclosure, Real property law, Urban decay, Owner-occupancy

The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions including foreclosure status, equity, and owner-occupancy status matched against monthly updated vacancy data.

Key Points: 
  • The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions including foreclosure status, equity, and owner-occupancy status matched against monthly updated vacancy data.
  • During the third quarter of 2019, over 304,000 homes were in the process of foreclosure, with about 3.2 percent being "zombie" foreclosures.
  • "A handful of areas still face notable problems with homes abandoned by owners after they get hit with foreclosure claims.
  • ATTOM Data Solutions analyzed county tax assessor data for more than 98 million single-family homes and condos for vacancy, broken down by foreclosure status and, owner-occupancy status.