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Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. Hladik serves as Chair of Legal League , and is a Partner at Hladik, Onorato & Federman LLP. Q: What were some of the key accomplishments of Legal League in 2024?
Open to all mortgage lending and servicing professionals, GSEs , government entities, and Legal League members, the annual Spring Servicer Summit gathers the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.
Proposed changes New York is currently the only state that does not accept title insurance for government land purchases. That requirement has slowed transactions and created costly legal hurdles for land trusts and municipalities. 20, Hochuls administration included title insurance provisions in its budget amendments.
Additionally, notaries are now required to confirm the identity of the document signer or affirmant through verification of a government-issued photo ID. Through this action, the law entitles the owner to recover actual damages caused by the filing, as well as the costs incurred to bring the action.
The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; realproperty; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Is the seller subject to a probationary review?
The FHFA reported the government sponsored entities expect e-mortgage purchases to increase in 2021. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. To date, 37 states and U.S. territories have enacted URPERA.
Alex Kelly, the Secretary of Commerce; Patricia Fitzgerald, the chair of the Florida Real Estate Commission; as well as several state attorneys. from purchasing or acquiring any interest in realproperty in the state.” from purchasing or acquiring any interest in realproperty in the state.”
Although deed fraud can include a variety of real estate-related crimes, most schemes involve the impersonation of a property owner and the recording of fake or forged documents in local land records. These crimes result in legal costs, reduction in equity or property value and even property loss.
As a minimum basis, a realproperty appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Summary, What Does it Mean? Standard 2 is the specific standard that addresses the reporting of appraisals.
Topics include: Real estate license law, agency, contracts, realproperty, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.
Her experience as a licensed realproperty appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State? Who would have thought it?
According to the Illinois Department of Financial and Professional Regulation (IDFPR)’s Division of Real Estate, there is no “real estate salesperson” or “real estate agent” license in Illinois. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]
Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when realproperty values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. A good lawyer will see them coming.
COVENANTS, CONDITIONS & REGULATIONS: Better known as CC&Rs , they are a declaration of rules and restrictions on property owners – typically seen within a shared living community such as a condominium. EASEMENTS: An irrevocable right to use some part of another person’s realproperty for a particular purpose.
At the 2022 REALTORS® Commercial Economic Issues and Trends Forum, NAR Chief Economist, Dr. Yun, asked local governments to ease land zoning regulations and ordinances. A land contract is a legal agreement used to purchase real estate through owner financing. Columbus Chasing Other Midwestern Cities for Top Spot.
1031 ), which defines the conditions for tax deferral on the sale of real estate. In other words, taxes can be deferred on the profitable sale of a commercial property as long as the proceeds are “exchanged” into a new property of “like kind” that is held for investment purposes. 1031 Exchange Rules.
Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible, physically possible, financially feasible, and maximally productive. Applying each of these tests properly is essential to the valuation process.
Its an open question as to whether Trump has the legal authority to shut down the CFPB since the bureau was created by Congress. Some say that differences in home valuations are downstream effects of government redlining between the 1930s and 1960s. So, it’s a double-edged sword. These are homes, stores, offices and data centers.
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