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Brian Kemp signed a new law, which went into effect at the start of the year, that creates a spate of new requirements for those filing property-related documents and notaries involved in electronic document filing. The new law is beginning as police continue to warn residents about scammers filing fraudulent deeds.
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?
The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act.
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.
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 appreciate this improvement to the closing process, you need to understand the various laws that allow for digital closings at different stages of the transaction.
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. This requires a little detective work. See diagram.
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.
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.
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? I do several reviews every month and most normally fail to meet minimum standards.
In the Tax Lien session, Gregory Jacovini, Chief Operating Officer with Pro Capital, will discuss liens imposed upon a property by law in order to secure the payment of taxes.
Photo by Antonio Quagliata on Pexels.com Additionally, consider the zoning laws and land-use regulations in the area and what category it might fall into based on its specific location. Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. What is it for?
The law was limited to owner-occupied consumer loans in first position. The new law just reduces the HOBR provisions that need to be complied with. Disclaimer: The above information is intended for information purposes alone and is not intended as legal advice.
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?
Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform realproperty management – you are not alone. Maintaining and running a property can quickly become overwhelming. If so, they may be signs that you need help from an on-site property manager for hire!
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]
Introduction Life events such as divorce and the settlement of an estate can be emotionally challenging and legally complex. During these times, the division of assets becomes a crucial element of the process, and this often includes real estate. This is required by law and helps to establish a clear and defensible value.
As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their realproperty. Land contracts give the buyer the opportunity to inhabit the property immediately. No legal title. Who legally owns the property for sale?
A full accounting of each service performed on the commercial property, pertaining to maintenance, operation, and repair. A record of insurance information, including existing policies and any pending or previous claims made against the commercial property. A good commercial real estate investment cannot rely solely on trust.
It isn’t clear who owns the appraised property. City or federally owned property is being evaluated. The physical, legal, or economic descriptions of the property are in question. Further, a property appraisal reviewer should have experience with the type of property that the professional is reviewing.
Making a very long story short, an enterprising individual investor discovered the gap and legally acquired that 8-foot strip between the lots and the water’s edge. Appraisers should familiarize themselves with their state laws regarding water frontage and related rights, as they can vary from state to state.
Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.”
If a person passes away without a will, also known as “dying intestate”, the property in most cases will be transferred to the closest living relatives, but this process can take longer and will require court approval. Joint Ownership – If a property is owned jointly, this means there are several people listed on the deed.
The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! Texas Seller’s Disclosure Law. The Seller’s Disclosure is required under Texas State law. SELLER’S DISCLOSURE OF PROPERTY CONDITION.
The portion of the process that no one sees, is the market data analyzing, the report writing and the overall analysis of the property in relation to value. Most states have very defined laws as to whether or not a trainee can be at a property without their supervisor.
Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?
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.
Features Lessons by Topics Outlined in Candidate Handbook, Real-time Dashboards, Dynamic Practice Exams & Review of Results. Post-license CE $209 20-Hour Post-Licensing Course: Covers Current Laws, Steps to Business Success & Fiduciary Duties. Athens Campus location. Meeting times will be arranged by the instructor.
Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a realproperty, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Estate/trust appraisal liability advice from Peter Christensen. Excerpts: 2.
Its an open question as to whether Trump has the legal authority to shut down the CFPB since the bureau was created by Congress. Morgan & Morgan, a law firm with a long track record in class-action lawsuits, announced in a blog post that its investigating AMCs as part of its fight against junk fees.
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