We’re proud of all our Real Estate practice team members and know that their dedication to quality service is what elevates Becker above the competition. Take a moment to get to know the talent behind your next transaction! Name Hugo V. Alvarez
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Borrower Beware of Funding Reserves
Lending is a very competitive market today. When a lender presents a term sheet, it is very important to scrutinize all of the salient terms. How reserves are to be funded and held can change the dynamics of the transaction.
Read MoreAbsentee Owners and Unoccupied Condominium Units
In condominium associations throughout the state, it is common for there to be seasonal unit owners who leave their units unoccupied during portions of the year. For associations faced with periodically unoccupied units in multifamily condominium buildings, there are distinct legal issues worth considering in advance of problems arising.
Read MoreBorrowing Money
As one of a handful of Becker attorneys who assists condominiums, cooperatives, and homeowners associations in obtaining bank loans on a regular basis, I’ve noted a few mistakes that boards make when deciding to obtain a loan.
Read MoreReal Estate Law Blog Attorney Spotlight: Philip C. Rosen
We’re proud of all our Real Estate practice team members and know that their dedication to quality service is what elevates Becker above the competition. Take a moment to get to know the talent behind your next transaction! Name Philip C. Rosen
Read MoreMy Association is Responsible for What?!? The Good, Bad, and Ugly of Contractual Indemnity
“Indemnity” is a legal term of art which stands for the right of a party to claim reimbursement for its loss, damage, or liability from another party who has such a duty. Ordinarily, the duty to indemnify arises through express contractual agreement. The 2014 adoption of section 468.4334, Florida Statutes, has brought a spotlight to […]
Read MoreWhat Associations Need to Know About Homestead
Article X, Section 4 of Florida’s Constitution protects homestead property from many kinds of forced sales. However, since foreclosures of homestead properties for unpaid association assessment debts and for unpaid mortgage debts occur routinely, it is easy to see how many homeowners’ associations and condominium associations are lulled into thinking that constitutional homestead property protections […]
Read MoreMURKY WATERS: Updated COVID-19 Pool Regulations in New Jersey
On June 9th, 2020 Governor Murphy announced Executive Order 153 (the “Order”), laying out certain requirements for outdoor pool openings. Pursuant to the Order, pool facilities were required to comply with the standards set forth by the New Jersey Department of Health (“DOH”) and certain guidelines issued by the Centers for Disease Control and Prevention […]
Read MoreWhen Does the Buyer Get the Keys After Closing on a House?
One of the most overlooked components of a real estate transaction is what happens when the ink dries on the stack of documents everyone signed during the closing, but funds are not immediately available. Buyers typically think they get keys right away upon signing.
Read MoreCommercial Real Estate Contracts: Choosing the Right Form
Commercial real estate transactions come in many “flavors” – each with its own particular strategies and objectives. Prudent buyers and sellers need to decide early on, sometimes even before they have an attorney involved, on what form to use. If you are not going to have an attorney draft the contract for you, or if […]
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