Real Estate Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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Impact of circle rates
Times of IndiaNovember 1, 2011

There are several reasons for this, like the stricter general power of attorney norms as well as higher stamp duty. The financier's profit margin is smaller in this scenario," added GP Tiwari (name changed), who invests in real estate. ...more »

European venture deals hit 11-year low
Financial NewsNovember 1, 2011

European venture capital investment has fallen to its lowest quarterly level since the dot-com crash, according to Dow Jones VentureSource, despite hopes that the region's venture industry is set for a growth spurt. The number of venture deals in the ...more »

Real Estate Law News and Stories

Building Codes
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New DC title insurance shortcomings
Washington PostNovember 12, 2011

The new law appears to solely benefit large real estate brokerage firms that have entered into affiliated business arrangements with title companies. These arrangements are typically between real estate brokers, mortgage lenders and/or title insurance ...more »

Industrial Development Issues
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Keeping the 'Pig Out of the Parlor': Can NY Towns Restrict Fracking?
Natural Resources Defense Council (blog)November 3, 2011

For nearly a century, zoning law in New York has given its citizens both a voice in the growth of their communities and the power to keep hazardous industrial activities out of areas where they could do the most harm. As the prospect of a new type of ...more »

Commercial Real Estate
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Real estate goes back to basics
The Diplomat BucharestNovember 1, 2011

The current law forces developers to build parking spaces. Hence, the burden is transferred to the real estate developers, especially for projects built in central areas of large cities, such as Bucharest. This demand affects the capitalization of ...more »

Mechanic's Liens
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Haymon pleads guilty to mortgage scheme, tax evasion
Post-TribuneNovember 10, 2011

... in the US District Court in Hammond, Haymon will plead guilty to one count of tax evasion and four counts of wire fraud that are connected to four homes Haymon helped sell, including one he renovated using grant money from the city of Gary. ...more »

With Rivals On Sidelines, Radian Expects Big Jump In Sales
Wall Street JournalNovember 1, 2011

Ibrahim said the company had added nearly 300 new customers this year, including credit unions, community banks and independent mortgage lenders. Mortgage insurance reimburses lenders when homeowners can't pay their mortgages.more »

Construction Contracts & Disputes, Boundaries
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Curtis High's Hall of Fame to induct 7
SILive.comNovember 6, 2011

She has taken a special interest in environmental issues, championing the State Green Building Construction Act and in reform legislation, authoring the Contract Disclosure Act. The late Antonio (Tony) P. Morelli, Class of 1942, was a Fire Department ...more »

Reits And Limited Partnerships
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Top Accountancy Firm BDO LLP selects Digital Reef's eDiscovery Solution from ...
MarketWatch (press release)November 1, 2011

BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. ...more »

Construction Litigation
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1 murder, 2 verdicts: His older brother was acquitted, Patrick Gray got life ...
Kalamazoo Gazette - MLive.comNovember 6, 2011

A federal judge could issue a decision in the case this fall. While the federal lawsuit could give Gray the opportunity to state his case to the parole board, he remains adamant he is not a murderer and hopeful he will be exonerated. The Michigan Court...more »

Residential Real Estate
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Real Estate Terminology Explained
Caribbean Media VisionNovember 1, 2011

The real estate agent's objective when selling is to get the highest price possible for the home. The real estate agent's objective when buying the home is to get the lowest price possible for the home. This in and of itself creates a conflicting ...more »

Eminent Domain
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Eminent domain limited with ease
Jackson Clarion LedgerNovember 9, 2011

... if it weren't for eminent domain. "This is an ethical way to tidy it up," he said. Speed said he plans to challenge the amendment as a private citizen on grounds that it would alter the state Bill of Rights, and that is prohibited by state law. ...more »

Restrictive Covenant Injunctions
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10-K: AMBICOM HOLDINGS, INC
Middle East North Africa Financial NetworkNovember 9, 2011

At July 31, 2011, the company was in violation of the restrictive covenant pertaining to a minimum quarterly EBITDA of not less than $30000. The lender issued forbearance for the violation of the restrictive covenant. We do not have any off-balance ...more »

Foreclosure
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Occupy Wall Street to March Against Foreclosure Fraud Settlement
FiredoglakeNovember 4, 2011

... a crime (a felony) to fine improper paperwork with the courts, subject to 10 years in jail and fines of $10000 per violation. Note that this legislation did not change the legal requirement for foreclosure; it simply criminalized failure to comply. ...more »

Title Litigation
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Kramer Levin Named Law Firm of the Year in Bankruptcy Litigation
Sacramento BeeNovember 1, 2011

1, 2011 -- /PRNewswire/ -- Kramer Levin Naftalis & Frankel LLP is pleased to announce that the firm was named the first "Law Firm of the Year" in Bankruptcy Litigation 2011-2012, by US News & World Report - Best Lawyers Best Law Firms survey, ...more »

Hotel Reit Practice
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Whiterock REIT Announces Concurrent Offerings of $20 Million of Trust Units ...
Marketwire (press release)November 30, 2011

This news release contains "forward-looking statements" within the meaning of applicable securities legislation, including, among others, statements relating to Whiterock's intended use of the proceeds of the Offering, the timing of the filing of the ...more »

Zoning Regulations, Land Use
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Clinton Briefs
Jackson Clarion LedgerNovember 3, 2011

"This was just an oversight when we updated the zoning regulations," Mayor Rosemary Aultman said. The revisions should be considered by the board at its Dec. 6 meeting, she said The Arts Council of Clinton on Saturday will roll back the clock for an ...more »

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