Real Estate & Property Law

Should I Do a Short Sale if Ill File Bankruptcy
I’m often asked by clients about short sales. As I talked about in my blog, Why Short Sales Usually are a Bad Idea, there are a lot of potential problems with short sales. But while they’re usually a bad idea if you won’t be filing, they almost always are bad if you will file...

The Mortgage Crisis: Upside Down And No Equity - Are Short Sales The Answer What About Modification Of Mortgages In Bankrupcy
Short sales are being pushed as a win-win situation since the bank gets something, and the homeowner avoids foreclosure.  To me it looks like a lose-lose-lose situation.  Short sales hurt the mortgage company who loses money...

Short Sale Proposals: Key Questions
The Securities and Exchange Commission will hold a roundtable at its headquarters in Washington, DC today to discuss issues raised by its recent proposals to restrict short sales. Questions will be directed to three main topics: 1) Market Changes and Investor Confidence; 2) Bid versus Tick versus Circuit Breakers; and 3) Lessons and Insights from [...

Be on the lookout for fraud in short sales
The Department of Real Estate is issuing warnings about fraudulent short sales. It notes that in April, the federal government will offer financial incentives to provide short sales through the Home Affordable Foreclosure Alternatives program, with requirements including a shorter time frame to respond to offers, debt forgiveness, and government payments to homeowners (for moving) and lien [...

California Regulator Issues Advisory On Illegal Activities Associated With Short Sales
The California Department of Real Estate recently issued an advisory to real estate agents licensed by the state on short sales and some of the legal and ethical minefields to avoid when dealing in these types of transactions...

Banks Take Losses on Short Sales as Foreclosures Soar
" Banks are beginning to go along with short sales in increasing numbers, three years into a U.S. housing slump that pushed the economy into a recession and cut resale values by 30 percent from the peak in July 2006...

Are Short Sales Just Silly
It?s a question I have been asking myself of late. A Short Sale is when a lender (the mortgagee) agrees to release the mortgage from the property so that it may be sold to a buyer for less than when is owed on the mortgage...

Securitization A Key Stumbling Block To Completing Successful Short Sales
The Huffington Post reports:[A]ccording to one analysis, short sales resulted in loan losses of only 19 percent, compared with an average loss of 40 percent on homes sold after foreclosure...

Lenders more open to Short Sales
?Without a doubt, lenders are more willing to work through short sales,? said Andre L. Mitchell, the executive vice president of the Lynx Mortgage Bank in Westbury, N.Y. ?In this marketplace if the lenders can negotiate in any way to get rid of a bad loan, they?re going to do it...

Senators Push for Rule Against Short Sales
Sen. Ted Kaufman, D-Del., in his first bill proposal since being sworn in to Congress in mid-January, submitted to the Securities and Exchange Commission on Monday a bipartisan legislation that aims to reinstate the so-called “uptick rule” that prohibited short sales from the Depression era until its repeal in mid-2007...

Evergreen
Wachovia, Settle Securities Allegations over Ultra Short Opportunities Fund

Female Sales Reps Win Gender Case Against Novartis
Female Sales Reps Win Gender Case Against Novartis

YTB International
Sales Agents Seek Class Action

Ticketmaster
FacesThird Class Action Alleging Fraud Related to Ticket Sales

Coca-Cola Co.
has agreed to pay $137.5 million to settle a securities lawsuit claiming the company artificially inflated sales to boost its stock price.

Sales to Iran
Software company to pay $132,791 settlement in conspiracy lawsuit.