Residential

  • July 16, 2025

    Wells Fargo Sued Over 'Flippant' Mortgage Fee Refunds

    A Wells Fargo mortgage borrower has filed a proposed class action against the bank, alleging the bank made an "inadequate" effort to resolve purported mortgage origination fee errors it has vaguely alerted certain borrowers to.

  • July 16, 2025

    4th Circ. Upends Gated Community's Win In Fair Housing Row

    The owner of several assisted-living group homes for seniors won a second chance Tuesday to press claims that his Maryland gated community is illegally refusing to let him open a new home there, with the Fourth Circuit ruling that a reasonable jury could find violations of the federal Fair Housing Act.

  • July 16, 2025

    AvalonBay Looks To Exit DC's RealPage Case Again

    Real estate investment trust AvalonBay has asked to end the claims against it in the D.C. attorney general's case accusing RealPage of helping more than a dozen building owners inflate rental prices by using its software, after enforcers renewed their claims against the landlord earlier this year.

  • July 16, 2025

    Senior Placement Co. Wants Out Of False Ad Suit

    A company that places senior citizens in retirement homes has asked a Georgia federal judge to toss a proposed class action alleging it falsely advertised free services and steered business away from communities that declined to participate in its "pay-to-play" business model, arguing the claims were just "speculation and conjecture."

  • July 16, 2025

    Attys Tout 3 Real Estate Investment Wins In Federal Budget

    Real estate investors can breathe a collective sigh of relief seeing the final version of the "One, Big, Beautiful Bill Act" that President Donald Trump signed into law this month, as it is largely favorable to the industry and keeps several much-admired tax breaks alive.

  • July 16, 2025

    Related Nets $46M Loan For NY Residential Development

    Related Companies obtained a $46.2 million senior secured loan for its 1,200-acre residential community project in Tuxedo, New York, the lender announced Wednesday.

  • July 16, 2025

    K&L Gates Hires CRE Finance Atty From Dechert

    K&L Gates LLP has brought on an ex-Dechert LLP attorney who specializes in commercial real estate finance as a partner in its Charlotte, North Carolina, office, the firm announced Tuesday.

  • July 16, 2025

    Wells Fargo Says JPMorgan No Victim In $481M CMBS Suit

    Wells Fargo has told a New York federal court that it need only prove that JPMorgan knew a seller falsified financial data underlying a $481 million commercial mortgage-backed securities loan, not that it was aware of any fraud, in a suit seeking to hold the bank liable for the defaulted loan.

  • July 16, 2025

    Utah Judge Ends Startup's Antitrust Suit Against NAR, Brokerages

    A Utah federal judge permanently tossed an antitrust suit lodged by a residential brokerage startup against the National Association of Realtors and multiple brokerages, ruling that the claims were time-barred.

  • July 16, 2025

    Nixon Peabody Adds Former HUD Managing Attorney

    Nixon Peabody LLP bolstered its affordable housing and real estate practice by hiring an attorney who most recently served on the leadership team for the southwest regional office for the U.S. Department of Housing and Urban Development.

  • July 15, 2025

    HomeServices, Douglas Elliman Nix Broker Fee Antitrust Suit

    HomeServices of America and Douglas Elliman escaped homebuyers' proposed antitrust class action alleging real estate agents conspired to artificially inflate broke service commissions for home sales, after a Florida federal judge ruled the buyers lacked standing since home sellers are the ones who paid those commission fees. 

  • July 15, 2025

    Ex-NY Attorney Pleads Guilty To Stealing $4.7M From Clients

    A former New York lawyer admitted to stealing millions from clients, including draining more than $4.4 million from the attorney escrow account of a company seeking to buy 500,000 boxes of hard-to-find latex gloves during the COVID-19 pandemic, Manhattan District Attorney Alvin L. Bragg Jr., announced Tuesday.

  • July 15, 2025

    Calif. Homeowners Win Cert. In State Farm Underpayment Suit

    A California federal court certified a class of nearly 200,000 homeowners alleging State Farm systematically underpaid property insurance claims in violation of the state's insurance code, ruling Tuesday that the plaintiffs offered a feasible methodology for calculating damages classwide and demonstrated that class members are identifiable.

  • July 15, 2025

    Ex-Yankee Wants $69K Tacked Onto Moldy Mansion Trial Win

    A retired New York Yankees player is seeking nearly $70,000 in prejudgment interest after a Connecticut federal jury handed him a $222,000 win in his suit that sought to hold his former landlord liable for mold in a Greenwich mansion.

  • July 15, 2025

    State Farm 'Maliciously' Denied Property Coverage, Court Told

    A California property owner accused State Farm of "maliciously" denying its property insurance claim in a lawsuit removed to federal court, further alleging that the insurer intentionally ignored evidence of the extent of the property damage.

  • July 15, 2025

    Property Co. Says Storm Coverage Row Can't Be Arbitrated

    The owner of a New Orleans luxury apartment and retail complex urged the Fifth Circuit to affirm a lower court's decision to vacate a previous order forcing it to arbitrate its $7 million Hurricane Ida damage claims against a group of domestic insurers, saying Louisiana law applies and bars arbitration.

  • July 15, 2025

    Denver Defends Affordable Housing Fees, Citing Alternatives

    The city of Denver has urged a Colorado federal court to toss a homebuilder's suit challenging the constitutionality of an affordable housing fee for new development, arguing the developer's claims overlook a clause that allows it to construct affordable housing as an alternative.

  • July 15, 2025

    Calif. Legislature OKs Retroactive Solar Property Exclusion

    California would allow the purchaser of a new property a three-year window to apply for a property tax exclusion for solar energy systems under a bill passed by the state Senate and sent to Democratic Gov. Gavin Newsom for approval.

  • July 15, 2025

    Leech Tishman Hires Fla. Real Estate Atty For Counsel Role

    Leech Tishman hired an experienced Florida real estate transactional attorney for a counsel role in the firm's teams in Sarasota and Lakewood Ranch while working in its Sarasota office, the firm announced.

  • July 15, 2025

    Pa. Senate Bill Seeks To End School District Property Taxes

    Pennsylvania would propose an amendment to the state constitution to eliminate school districts' authority to levy or collect property taxes after June 30, 2029, under a bill introduced in the state Senate.

  • July 15, 2025

    2 Firms Guide Cavco's $190M Manufactured Home Co. Buy

    Cavco Industries said it has reached an agreement to acquire Houston-based homebuilder American Homestar Corp. and its subsidiaries for $190 million, in a transaction advised by DLA Piper and Jackson Walker LLP.

  • July 14, 2025

    OCC Drops 'Disparate Impact' From Fair Lending Oversight

    The Office of the Comptroller of the Currency said Monday that it will stop checking to see whether banks' lending practices are causing potentially unintended discrimination, scrubbing so-called disparate-impact liability from its examination policies.

  • July 14, 2025

    Fla. Landlord Accuses Akerman Of Botching Lease Language

    Real estate investor Turner Healthcare Facilities Fund LP on Monday accused its former Akerman LLP counsel in a south Florida state court of having committed a $45 million "mistake" by approving unenforceable clauses in leases on properties the investor owned.

  • July 14, 2025

    Greystone Arranges $43.5M Refi For Ore. Senior Living Site

    Real estate finance company Greystone said Monday that it arranged $43.5 million in debt to refinance construction debt on a Class A assisted living facility in Oregon.

  • July 14, 2025

    4th Circ. Says Va. County Isn't Responsible For Damaged Pipe

    The Fourth Circuit sided with Virginia's Isle of Wight County on Monday against a takings suit filed by local homeowners who alleged that the county had to pay for a damaged underground stormwater drainage pipe and the erosion it caused to nearby land.

Expert Analysis

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • Strategies For Home Equity Investment Providers In 2025

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    The home equity investment product market is thriving even amid consumer concerns, regulatory scrutiny and conflicting court decisions, setting the stage for a promising but challenging environment for providers in 2025, say attorneys at Sheppard Mullin.

  • What Interest Rate Cuts Mean For Housing Markets

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    The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.

  • California Supreme Court's Year In Review

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    Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court's last term, including voter initiatives, hostile work environment and the economic loss rule.

  • How CFIUS' Updated Framework Affects Global Investors

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    The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.

  • 'Reverse Redlining' Suit Reveals Language Risks For Lenders

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    The Justice Department's case against consumer finance provider Colony Ridge highlights the government's focus on lending to consumers with limited English proficiency and the risks of generating marketing materials in other languages while conducting actual transactions in English, say attorneys at Goodwin.

  • Hurricane Coverage Ruling Clarifies Appraisal Scope In Fla.

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    In a case involving property insurance for hurricane damage, a Florida federal court recently enforced policy limits despite an appraisal award exceeding those limits, underscoring the boundaries between valuation and coverage — a distinction that provides valuable guidance for insurers handling post-catastrophe claims, says Tiffany Bustamante at Cozen O’Connor.

  • Feds May Have Overstepped In Suit Against Mortgage Lender

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    The U.S. Department of Justice's lawsuit against Rocket Mortgage goes too far in attempting to combat racial bias and appears to fail on the fatal flaw that mortgage lenders should be at arm's length from appraisers, says Drew Ketterer at Ketterer & Ketterer.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

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    The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.

  • Philly's Algorithmic Rent Ban Furthers Antitrust Policy Trends

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    A Philadelphia bill banning the use of algorithmic software to set rent prices and manage occupancy rates is indicative of growing scrutiny of this technology, and reflects broader policy trends of adapting traditional antitrust principles to respond to new technology, say attorneys at Ballard Spahr.

  • How Property Insurance Coverage Shrank After The Pandemic

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    Insurers litigating property claims are leveraging rulings that provided relief in the COVID-19 context to reverse the former majority rule on physical loss or damage in all contexts, say attorneys at Reed Smith.

  • Why Secured Lenders Must Mind The Gap In UCC Searches

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    If not adequately addressed, the Uniform Commercial Code filing indexing gap can interfere with a lender's expected lien priority, but taking appropriate preclosing actions and properly timing searches can eliminate this risk, says Robert Wonneberger at Barclay Damon.