Legal News

Nominees will need to find 'real' Thai partners, says JFCCT

Tue, 27 Oct 2009 18:23:00 -0500

Foreign firms using Thai nominees to hold property should restructure their holdings and seek Thai partners to legalise their investments, said Patima Jeerapaet, chairman of the property committee of the Joint Foreign Chambers of Commerce in Thailand (JFCCT).

Law helps protect renters of foreclosed property

Mon, 24 Aug 2009 03:43:28 -0500

A Dalton case could be the first test nationwide of a new federal law protecting renters during foreclosure.

Proposed property tax

Tue, 04 Aug 2009 02:18:05 -0500

Some of Thailand\'s bigger landowners have begun serious studies of the government\'s proposed Property Tax Act and are preparing to use or sell unused plots of land within the next three years before the new law becomes effective - should it be approved.

Real estate industry a target of new laws

Tue, 21 Jul 2009 03:58:42 -0500

AGENTS will have to stop quoting expected house prices before auctions under tough new laws to protect buyers, a south-west auctioneer fears.

Focus on creditors’ rights fuels real estate law firm’s rapid expansion

Wed, 15 Jul 2009 04:45:35 -0500

Ted Manley, not too many years ago, thought an 18,000-square-foot office building in the Brewery District would be big enough to be home to his law firm for the long haul.

Strata Law regulations to boost market

Wed, 15 Jul 2009 03:34:39 -0500

As the Land Department and the Real Estate Regulatory Agency (Rera) put the final touches on implementing regulations to be issued under Law No 27 of 2007 On Ownership of Jointly Owned Properties in the Emirate of Dubai (the Strata Law), it seems an opportune time to reflect on the key features and advantages that a fully operational strata title regime will bring to the Dubai property market.

U.S. mortgage fraud 'rampant' and growing-FBI

Wed, 08 Jul 2009 14:00:00 -0500

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.

United States Settles False Claims Act Allegations Against National Home Builder and Mortgage Lender

Thu, 02 Jul 2009 08:38:00 -0500

Beazer Homes USA Inc. has agreed to pay the United States $5 million, plus contingent payments of up to $48 million to be shared with victimized private homeowners, to resolve allegations that it, and Beazer Mortgage Corp., were involved in fraudulent mortgage origination activities in connection with federally insured mortgages, the Justice Department announced today. Beazer Homes, which is headquartered in Atlanta, operates in at least 21 states.

Jamaica Real Estate Strata Corporations Agitate For New Property Laws

Wed, 01 Jul 2009 03:23:20 -0500

Jamaica property and strata corporations lobby government to get proactive laws that will force real estate owners to remain compliant with maintenance fees and insurance premiums; Colin Scott VP of Jamaica-Real Estate.Net comments on this unprecedented law in Jamaica's history could dramatically change the values of real estate in the island.

Florida Laws that take effect July 1 designed to help developers

Tue, 30 Jun 2009 03:41:32 -0500

JACKSONVILLE — The impacts of the recession have been widespread and deep in Florida’s commercial real estate industry, but those who have survived this long may be in for some relief from new state legislation.

Forty-One Defendants Charged In Five New Area Mortgage Fraud Cases; Two Schemes Involve Expensive Condos and Suburban...

Wed, 24 Jun 2009 08:03:00 -0500

Forty-one defendants are facing federal charges relating to various mortgage fraud schemes in five separate cases made public today by federal law enforcement officials.

Eye on business law: Trends in the face of economic instability

Thu, 18 Jun 2009 04:39:59 -0500

In 2008, we were told that that the global aftershocks of the credit crunch will have a major impact on the world’s poorest countries, which are ill-prepared for the likely fallout in 2009. Now, as the financial crisis defiantly endures and in some quarters deepens, the strokes are different for different folks.

New Law Offers Further Protections to Tenants of Foreclosed Properties

Mon, 15 Jun 2009 08:34:07 -0500

Effective immediately, under the recently passed Protecting Tenants at Foreclosure Act of 2009, an REO lender or other buyer who acquires title through a foreclosure is required to:

The 13 New Rules of Government Capitalism

Mon, 15 Jun 2009 03:04:17 -0500

Please be advised that effective immediately (i) the economic system heretofore known as "Capitalism" in the United States of America shall now be known as "Government Capitalism", and (ii) the following rules, to the extent not already in effect, shall be implemented immediately.

Gulf real estate regulators to announce more industry rules

Tue, 09 Jun 2009 03:55:01 -0500

New property regulations are expected in several Gulf States in the coming months as authorities aim to bolster investor confidence by making the real estate industry more transparent.

Real estate seminar covers changes in Kansas real estate law

Thu, 04 Jun 2009 03:20:42 -0500

WICHITA - A new standard for creating economic development districts and a shift in Kansas courts' fraud protection for homebuyers are two of the major legal changes in real estate this year, several Wichita lawyers said Tuesday.

Realtors Use New Visa Types to Open Doors for Foreign Buyers

Tue, 19 May 2009 04:09:03 -0500

(WASHINGTON, D.C.) -- Citizens of other countries represent an important segment of the U.S. home buying market, and now new special visa categories that allow foreign nationals to gain U.S. residency can help facilitate that process. By using these visa categories correctly, Realtors will be able to help many more buyers from overseas purchase property in the U.S.

New condominium law in Thailand

Wed, 29 Apr 2009 11:25:00 -0500

This is an update to all our readers. Last year the Thai Government enacted a new Condominium Law which is retroactive to the 5th July 2007. The former Condominium Law was actively in force for the past 30 years but was out of date and the new law is seen as a necessity to solve many existing problems between owners and the juristic person of condominiums.