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Court finds construction of sewage lagoons did not cause de facto taking
  • Fox Rothschild LLP
  • USA
  • July 23 2012

A Berks County trial court recently rejected the claim of property owners that the construction of sewage lagoons adjacent to their homes caused a “de facto” taking of their properties


NJ expedites foreclosure process for abandoned homes
  • Fox Rothschild LLP
  • USA
  • January 27 2013

New Jersey has adopted a process which may expedite foreclosures on vacant and abandoned residential properties. Under this procedure, vacancy and


New appraisal standards approved for higher-risk mortgages
  • Fox Rothschild LLP
  • USA
  • January 28 2013

A new rule passed Jan. 15 gives mortgage lenders an additional year to institute appraisal standards for higher-risk loans. Six agencies were


PA court rules that "ongoing subdivision concerns" should not be considered in valuing individual subdivision lots
  • Fox Rothschild LLP
  • USA
  • July 18 2012

In Greth Development v. Berks County Board of Assessment Appeals, the Berks County trial court considered whether the tax assessment of individual lots of a residential subdivision should take into account “ongoing subdivision concerns, including cash flow, absorption rate of lot sales, and ongoing expenses.”


Appraisal Institute advises US Sentencing Commission to require appraisals
  • Fox Rothschild LLP
  • USA
  • March 14 2012

The Appraisal Institute urged the U.S. Sentencing Commission to require the use of real estate appraisals when calculating loss in mortgage fraud cases


Supreme Court considers temporary takings case
  • Fox Rothschild LLP
  • USA
  • December 2 2012

The US Supreme Court recently heard oral argument regarding a condemnation case which could have significant impacts


Foreclosures reach lowest level since 2007
  • Fox Rothschild LLP
  • USA
  • October 26 2012

The New Jersey Department of Banking and Insurance performed 173 examinations of mortgage licensees in 2011


PA court affirms requirement of condemnation filing within 1 year of authorization
  • Fox Rothschild LLP
  • USA
  • November 8 2011

The Commonwealth Court of Pennsylvania recently addressed the requirement that a condemnor must initiate the condemnation action within one year of the action authorizing the condemnation


Philadelphia RDA changes executive director
  • Fox Rothschild LLP
  • USA
  • November 7 2010

Terry Gillen has resigned as Executive Director of the Philadelphia Redevelopment Authority


Realtors criticize 'excessive' appraiser comp requirements
  • Fox Rothschild LLP
  • USA
  • October 21 2012

Appraisers have been the target of complaints since the fiscal crisis began in 2008