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British Columbia introduces amendment to seize property of persons suspected of crime

JURIST

British Columbia, Canada Premier David Eby Tuesday announced an amendment to the 2013 Community Safety Act to expand the province’s authority to seize assets amassed by suspected criminals. The expanded authority would no longer require a criminal charge or conviction.

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Real Estate Recap: Key Cases, Proptech Pain, RealPage Suit

Law 360

Catch up on the past week's key developments by state from Law360 Real Estate Authority — including the residential real estate cases to watch in 2024's second half, proptech's recent funding lapse and long-term potential, and a new lawsuit from the U.S.

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Real Estate Authority: Loan Doctors, CFIUS, Mixed-Use Boom

Law 360

Catch up on the week's key developments by state from Law360 Real Estate Authority — including potential conflicts of interest in special servicing, a data center buy stymied by the Committee on Foreign Investment in the United States, and one hospitality pro's prediction for more mixed-use residential and hotel demand.

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Standard Contracts: Benefits, Challenges, And The Path To Adoption With Jake Stein

Above The Law

Jake points to examples like the SAFE (Simple Agreement for Future Equity) for startup fundraising, the ISDA Master Agreement for financial derivatives, and even Pennsylvanias standard residential real estate contract. These standards reduce negotiation time, create clarity, and foster trust between parties.

Contract 102
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New York landlords ask court to block state eviction moratorium

SCOTUSBlog

Share Telling the justices that “the courthouse door has been barred to New York’s landlords” “for more than sixteen months and counting,” a group of New York landlords asked the Supreme Court to block a state moratorium on residential evictions put in place at the start of the COVID-19 pandemic.

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With Protections Expiring, Millions are in Danger of Losing Their Home

Diane Drain

The ban on evictions is generally available only to tenants in properties held in real estate owned (REO) portfolios belonging to Fannie Mae and Freddie Mac (the GSEs), the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and the U.S. ” This danger is much higher in certain communities.

Finance 211
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Bankruptcy Related Changes Under CARES Act and Consolidated Appropriations Act

Diane Drain

The Appropriations Act amends the Bankruptcy Code to expressly provide that stimulus payments are not property of a debtor’s bankruptcy estate. Under the CARES Act, borrowers under federally-backed residential and multifamily mortgages can request payment forbearance because of COVID-19 hardships.