ABA Journal

Real Estate & Property Law

1967 ABA Journal Real Estate & Property Law articles.

‘Phenomenal Year’ for Florida Lawyers

Defying predictions of a law practice slowdown, attorneys in South Florida report their business is booming.

“It was a phenomenal year to be a lawyer,” John C. Sumberg, managing partner…

Web Schemes to Buy Better Credit Legal?

Web-based companies that help consumers improve their credit–for a fee–are clearly skirting the law. But are they violating it?

Perhaps not, as least as far as some of the methods…

Foreclosures Explode in South Florida; Poor, Minorities Hit Hardest

Although South Florida is still a bit below the national average for the total percentage of mortgages in foreclosure, that may not be true much longer. The number of foreclosure…

Reports: Lax Regulators Let Lenders Illegally Target Racial Minorities

Statistical studies have shown for several years that so-called subprime mortgage lenders apparently targeted racial minority groups for home loans with unfavorable terms. However, government regulators reportedly stood by and…

Seizure of Unproductive Land Blocked

The New Jersey Supreme Court ruled today that local governments may not seize land merely because it is unproductive and could be put to better use.

The court said the…

DC Firm Racks Up Big Bill in RI Case

A well-known Washington, D.C., law firm is sending the state of Rhode Island six-figure monthly bills for ongoing representation in a huge environmental clean-up case.

When the state asked Sutherland,…

10-Year Court Battle Continues Over Historic CA Home

After a decade of litigation, a historic California home was about to be demolished. But a last-minute stay of the demolition order means an epic legal battle over the future…

Same-sex Couple Splits a $3.5 M Home; New York Judge Applies ‘Divorce’ Rule

A Manhattan judge treated a same-sex couple as if they were married when deciding recently how to divide their $3.5 million home after they split up. Although the two were…

Subprime ‘Debt Bomb’ Debacle Decimates Detroit Block

An unprecedented epidemic of mortgage foreclosures on a single, upscale Detroit block is emblematic of similar scenarios in minority neighborhoods throughout the country that does not bode well for homeowners.

Condo Owner Fraud Squad Local Heroes in Florida

A successful effort by condominium residents near Miami to bring to justice those involved in management malfeasance has made the whistleblowers local heroes.

Calls are coming in from all around…

Did Massive Mortgage Fraud Up Home Prices?

Mind-boggling amounts of mortgage fraud by rings throughout the country may be responsible for big increases in U.S. home prices.

If so, what went up can also come down, reports…

Politically Connected Chicago Lawyer Indicted

A politically connected Chicago lawyer has been indicted on bribery and fraud charges for allegedly seeking a kickback in a multi-million-dollar real estate deal, federal prosecutors announced today.

The U.S.…

Subprime Loan Frenzy Spawns Litigation Storm

As Lelon DeWitt was undergoing quadruple bypass heart surgery in Elkhart, Indiana in 2004, a subprime mortgage broker caught up with his wife, in the hospital waiting room. It was…

‘Gazumping’ Loophole Ups British Legal Fees

A quirk in English property law, combined with a super-hot housing market caused by a shortage of homes for sale in London, is costing would-be purchasers of homes there extra…

New Mortgages Planned to Forestall Foreclosures

Against a backdrop of planned legislation now being drafted in Congress to rein in runaway subprime lenders, two of the nation’s mainstream mortgage mainstays are developing new products to help…

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