Residential

  • May 29, 2025

    Home Appraisers' Overtime Suit Moves From NY To Ill.

    A lawsuit accusing an Arizona-based home appraisal company of failing to pay real estate staff appraisers overtime will move to Illinois, after a New York federal judge agreed with a magistrate judge's recommendations that the case needed to move to where the key witnesses are.

  • May 29, 2025

    11th Circ. Won't Revive Antitrust Claims Against Suns Owner

    The Eleventh Circuit isn't going to touch a lower court order that tossed an antitrust case against the owner of the NBA's Phoenix Suns and his company, United Wholesale Mortgage LLC, over an alleged boycott.

  • May 29, 2025

    Ore. Extends Tax Breaks For Affordable Housing Development

    Oregon will delay the expiration of three property tax breaks intended to help the development of affordable housing under legislation signed by Democratic Gov. Tina Kotek.

  • May 29, 2025

    Texas Bars Some Property Tax Hikes Above Voter-OK'd Rates

    Texas will prohibit school districts from adopting property tax rates above voter-approved thresholds in response to a natural disaster if voters previously rejected a similar proposed rate increase, under a bill signed by Gov. Greg Abbott.

  • May 29, 2025

    Montgomery McCracken Wins $680K Fees From Ch. 11 Client

    A group of property development companies that Montgomery McCracken Walker & Rhoads LLP represented through years of bankruptcy reorganization still owe the firm $680,000, a Pennsylvania federal judge ruled Wednesday.

  • May 29, 2025

    Developer Sells Miami Office Tower Project Site For $211.5M

    Developer and property manager Swire Properties has sold a project development site for a planned Miami office tower to Melo Group for $211.5 million, a representative for commercial real estate firm CBRE told Law360.

  • May 29, 2025

    Home Loan Co. Accused Of Failing To Pay Overtime

    A lending company required loan processors to put in about 80 hours of work during some weeks but did not pay them overtime wages for the extra time, a worker said in a proposed collective action filed in Arizona federal court.

  • May 28, 2025

    Multivista Aims To Take Guesswork Out Of Construction

    In a recent interview with Law360 Real Estate Authority, the owner of a franchise of proptech company Multivista explained how cataloged insights into the building process can help prevent mistakes or down the road serve as valuable evidence in the event of a dispute or warranty claim.

  • May 28, 2025

    FBI Misled Court In Russia Sanctions Probe, Judge Rules

    Federal prosecutors cannot use certain evidence to prove charges that a Russian bank executive dodged sanctions because an FBI agent "recklessly omitted material facts" from the related warrant application, a New York federal judge ruled.

  • May 28, 2025

    Stay Won't Be Lifted On Claims Over $93M Real Estate Fraud

    Victims of a $93 million Miami real estate development scheme won't be able to pursue their claims — at least for now — against the company's former CEO after a Florida federal judge on Wednesday denied their request to lift a stay on litigation during a U.S. Securities and Exchange Commission receivership.

  • May 28, 2025

    NJ County To Put $240B In Land Records On Blockchain

    Land record management company Balcony on Wednesday said it has struck a deal to store some 370,000 property deeds in Bergen County, New Jersey, on its blockchain platform, in the biggest-ever U.S. effort of its kind.

  • May 28, 2025

    CFPB Energy Loan Rule An 'Unlawful Power Grab,' Suit Says

    Lenders that finance clean energy home improvement projects on Wednesday challenged a Biden-era rule that applies standard mortgage protections to loans where homeowners pay for such projects through property tax bills, saying the rule is unlawful and threatens to kill their business.

  • May 28, 2025

    Insurer Questions Coverage Of Ohio Tenant Harassment Case

    An Ohio insurer filed a federal lawsuit arguing on Wednesday that it is not obligated to defend or indemnify Athens County, Ohio, landlords accused in a U.S. Department of Justice lawsuit of allowing sex discrimination and harassment against female tenants at at least one rental property for years.

  • May 28, 2025

    NY Judge Orders $72M Payment Over Multifamily Foreclosures

    A New York federal judge ruled that several borrowers must pay more than $72.4 million to Fannie Mae, which accused the borrowers of defaulting on multifamily loans associated with 12 New York City apartment buildings.

  • May 28, 2025

    Texas Voters To Decide On Raising Homestead Tax Exemption

    Texas voters will decide if the state should amend its constitution to increase the state's homestead property tax exemption from $100,000 to $140,000 under a Senate joint resolution approved by state lawmakers and filed with the Texas secretary of state.

  • May 28, 2025

    Fannie Mae Taps Palantir To Combat Mortgage Fraud

    Leaders of Fannie Mae, a government-sponsored enterprise that backs a fifth of the rental market, and tech company Palantir announced a partnership Wednesday to combat multifamily mortgage fraud.

  • May 28, 2025

    Bankers' Group Says Redlining Enforcement Goes Too Far

    A K&L Gates LLP partner warned that the U.S. Department of Justice's recent Fair Housing Act and Equal Credit Opportunity Act cases have dramatically expanded what lender behavior qualifies as "redlining," in a report prepared on behalf of the American Bankers Association.

  • May 28, 2025

    A Niche Property Strategy Sprouts A Growing BigLaw Practice

    Lofty land prices and nationwide housing shortages have made the legal work in guiding sales of primed-up dirt to homebuilders more essential — and fruitful — than ever, according to a practice leader at Holland & Knight LLP.

  • May 28, 2025

    Nev. Extends Property Tax In Las Vegas, County To 2057

    Nevada extended by 30 years the imposition of a property tax in the city of Las Vegas and unincorporated areas of Clark County, with revenue allocated for employing police officers, under a bill signed by the governor.

  • May 28, 2025

    Insurance Atty Talks FEMA Cuts As Storm, Fire Seasons Near

    As hurricane and wildfire seasons approach, Anthony Lopez, founder of the law firm Your Insurance Attorney, told Law360 Real Estate Authority that with natural disasters intensifying, the Trump administration's cuts to FEMA are likely to put more pressure on states and property owners in an already challenging insurance environment.

  • May 27, 2025

    Trump To Pardon 'Chrisley' Stars Convicted Of Tax Evasion

    President Donald Trump is planning to pardon reality TV stars Todd and Julie Chrisley, the Georgia duo sentenced to prison after being convicted of running a yearslong bank fraud scheme and dodging federal taxes, according to a post Tuesday on X by Trump's communications adviser.

  • May 27, 2025

    NYC Real Estate Week In Review

    Mayer Brown and Nixon Peabody are among the law firms that landed work on the largest New York City real estate deals to hit public records last week, with matters in Manhattan and Bronx atop the list.

  • May 27, 2025

    6 Firms Hammer Out $4B Canadian Resi REIT Deal

    A Singapore sovereign wealth fund and a Canadian multifamily landlord have purchased a residential real estate investment trust for $4 billion, the REIT announced Tuesday.

  • May 27, 2025

    Rental Co. Signs Deal With Pa. AG Over AI-Related Delays

    The Pennsylvania arm of a Las Vegas-based rental management company will pay the state $45,000 — including $30,000 in refunds for tenants — to settle allegations that its artificial intelligence platform contributed to delays in repairs and rentals of unsafe housing, the Pennsylvania attorney general's office announced Tuesday.

  • May 27, 2025

    Property Co. Not Covered In Condo Fire Suits, Insurer Says

    A property management company isn't covered for suits claiming it hired an unlicensed contractor whose work caused a fire at a condo complex, an insurer told a Florida federal court, saying coverage isn't available under a commercial general liability policy and is limited under a professional liability policy.

Expert Analysis

  • Transaction Risks In Residential Mortgage M&A Due Diligence

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    As the residential mortgage market continues to consolidate due to interest rate increases and low housing volume, buyers and sellers should pay attention to a number of compliance considerations ranging from fair lending laws to employee classification, say attorneys at Mayer Brown.

  • Ore. Warranty Ruling Complicates Insurance Classification

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    The Oregon Court of Appeals' recent TruNorth v. Department of Consumer and Business Services holding that a service contract — commonly referred to as an extended warranty — covering commercial property is subject to the state's consumer service contract laws raises regulatory questions for contract obligors, sellers and administrators, say attorneys at Locke Lord.

  • FCRA Legislation To Watch For The Remainder Of 2023

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    If enacted, pending federal and state legislation may result in significant changes for the Fair Credit Reporting Act landscape and thus require regulated entities and practitioners to pivot their compliance strategies, say attorneys at Troutman Pepper.

  • Regulators Must Get Creative To Keep Groundwater Flowing

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    Even as populations have boomed in Sun Belt states like Arizona, California and Texas, groundwater levels have diminished due to drought and overuse — so regulators must explore options including pumping limits, groundwater replenishment and wastewater reuse to ensure future supplies for residential and commercial needs, says Jeffrey Davis at Integral Consulting.

  • What Upholding Of Short-Term Rental Law Means For NYC

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    A New York state judge's dismissal of Airbnb's challenge against the Short-Term Rental Registration Law will benefit the city's hospitality industry and exert downward pressure on apartment rents, and potentially provide a model for other local governments around the U.S. to curb short-term apartment rentals, says Alexander Lycoyannis at Holland & Knight.

  • Key Provisions In Florida's New Insurer Accountability Act

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    Florida's recent bipartisan Insurer Accountability Act introduces a range of new obligations for insurance companies and regulatory bodies to strengthen consumer protection, and other states may follow suit should it prove successful at ensuring a reliable insurance market, say Jan Larson and Benjamin Malings at Jenner & Block.

  • Fair Lending Activity: Calm On The Surface, Churning Below

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    The Consumer Financial Protection Bureau's recently released annual fair lending report to Congress confirms that despite the paucity of public fair lending enforcement actions in 2022, the CFPB and prudential banking agencies are engaged in significant nonpublic oversight, examination and enforcement activities, say attorneys at Cooley.

  • The Basics Of Being A Knowledge Management Attorney

    Excerpt from Practical Guidance
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    Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.

  • Negotiating Material Escalation In Construction Contracts

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    As material price escalation clauses have remained popular in construction contracts despite an easing of recent supply chain issues, attorneys representing owners should understand key considerations for negotiating such clauses, and strategies to mitigate potential exploitation by contractors, says H. Arthur Black II at Brooks Pierce.

  • Key Drivers Behind Widespread Adoption Of NAV Financing

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    While net asset value-based lending has existed for years, NAV lending has only started to move into the mainstream recently — likely due to difficult market conditions faced by sponsors including persistent inflation, high interest rates and a lack of exit opportunities, say Matthew Kerfoot and Jinyoung Joo at Proskauer.

  • Beware Unique Compliance Risks In Home Equity Lending

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    As borrowers increasingly look to junior-lien mortgages and home equity lines of credit instead of first-lien mortgages, regulators will pay increased attention in turn and lenders will have to watch for a number of legal and regulatory pitfalls as they rush to meet this newfound demand, say attorneys at Orrick.

  • 4 Business-Building Strategies For Introvert Attorneys

    Excerpt from Practical Guidance
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    Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.

  • New AI Lending Tech Could Exacerbate Old Bias Risks

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    As credit and mortgage lending businesses increasingly utilize artificial intelligence technology to help make decisions, they must be aware of the legal risks that may arise under familiar anti-discrimination laws, say Kali Bracey and Grace Wallack at Jenner & Block.