Any person or corporation holding a bona fide mortgage, lien or security interest in a liquor license issued by the Florida Department of Business &
The SEC has issued a concept release (the "Concept Release") in which it announced its intention to review the exemption from investment company registration under Section 3(c)(5)(C) of the Investment Company Act and its applicability to companies that are engaged in the business of acquiring mortgages and related instruments ("mortgage-related pools"), particularly real estate investment trusts ("REITs").
As photovoltaic solar costs have dropped, and with the support of renewable portfolio standards and incentives from federal, state, and local governments, rooftop solar installations on commercial properties have become more attractive.
Provided below is a broad summary of the bills from Florida’s 2011 legislative session that are pertinent to Condominiums and Homeowners Associations.
In a decision that clarifies the rights of secured lenders to rents generated by a mortgaged property under New York law, a bankruptcy court in the Southern District of New York has held that rents which were assigned pre-petition pursuant to an assignment of rents executed in connection with a mortgage loan do not belong to the bankruptcy estate because the Lender took sufficient affirmative actions to perfect its rights over the rents.
On May 3, the Office of the Comptroller of the Currency (OCC) issued revised examination procedures for the Protecting Tenants at Foreclosure Act (Tenants Protection Act).
Anyone in the commercial real estate business can tell you that the past couple of years have seen a significant uptick in the number of commercial foreclosures and owner bankruptcies.
On May 3rd, the OCC issued revised examination procedures for the Protecting Tenants at Foreclosure Act ("Tenants Protection Act").
Following a public consultation (on which we reported in our October 2010 Review) the OFT has now published its guidance on the application of the chapter I prohibition under the competition act to "land agreements"
Many people remain unaware of tenant rights, particularly in the event of a foreclosure.