The recent increase in the adjustable-rate mortgage (ARM) share of applications has caught the attention of market participants and the media. The ARM share has increased from 3.1 percent in the first week of January to 10.3 percent as of the week ending May 13th, peaking at 10.8 percent the […]
Legal Updates
11 posts
In 2019, most of the country experienced a combined decrease in homelessness, however significant increases in unsheltered and chronic homelessness on the West Coast, particularly in California and Oregon, offset those nationwide decreases, causing an overall increase in homelessness of 2.7 percent. HUD’s 2019 Annual Homeless Assessment Report to Congress found that […]
Some organizations now believe the process could be the answer to ramping up affordable housing across the globe. And it could do so quickly—you can print a home in just 24 hours. Icon, a construction tech startup in Austin, and a housing nonprofit called New Story unveiled its first two […]
Attached is “GA HB 410” is the Georgia bill passed by the state legislature that sought to cap HOA payoff letter fees and provide a time frame for production of payoff letters. In Georgia, many HOAs are managed by management companies as opposed to resident volunteers, and the management companies charge […]
By: Earl Wallace, Esq. Ruzicka, Wallace and Coughlin Water Conservation Devices The recent drought in California has forced us all to be more water conscience and effective January 1, 2017 Senate Bill 407 regarding water conserving fixtures went into effect requiring water conservation devices statewide. Beginning January 1, 2017, the […]
The Lis pendens statute serves to discharge liens that exist or arise prior to the final judgment of foreclosure unless the appropriate steps are taken to protect those interests. For a copy of the case, please click here.
12425 28th St. N. Suite 301 St. Petersburg, FL 33716 Ph: 727-539-0900 New Legislation in Florida to Halt Abusive Practices by HOA Attorneys For the past several years we have been at the mercy of management companies, associations, and/or the attorneys for the associations to provide us with estoppel letters and […]
Starting April 1st, City of Chicago Water Certifications have been renamed “Utility Certifications” and now include Garbage Service fees. Garbage Service fees will now be charged in the amount of $9.50 per month, per unit. The City has also implemented a “catch up” period which allows for the collection of […]
After several attempts at reducing the redemption period on foreclosed property, Alabama has finally passed a law that cuts the redemption timeline in half. Effective January 1, 2016, Act 2015-79 goes into effect and although this is a much anticipated and needed law, be advised that the new redemption law […]
A California Foreclosure notice of default signed by company “As Trustee” before the company became the trustee is valid By: Earl R. Wallace, Esq., Partner One of the more common arguments made by borrowers seeking to challenge a foreclosure sale is that the person or entity that signed the notice […]