lorman
Know how to handle real estate transactions involving contaminated or potentially-contaminated properties. Many real estate transactions involve properties that have known or potentially unknown environmental contamination. Because of the strict liability imposed by environmental statutes it is important that real estate transactions be proceeded by appropriate due diligence and that the existence of any environmental contamination and associated liability be allocated in the Purchase and Sale Agreement or other applicable transaction documents (i.e., lease or financing documents).
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The VP of Content and Marketing for Keeping Current Matters, David Childers, joins Breakthrough Broker President Eric Sachs on this month’s webinar to answer the real estate industry's burning questions.
This must-see presentation will show you how the real estate market is looking for the rest of 2021 and how to answer the industry's toughest questions like:
Are we in a housing bubble like 2008?
Are homes affordable right now?
Will inventory increase or decrease?
And so much more!
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The goal of every real estate deal attorney is to ensure a timely and smooth closing of the transaction. Title defects are just one of the many hurdles that transaction attorneys must clear, and the newly revised ALTA policies can impact the ability to address those issues.
While many risks can create an encumbrance on a title, some of the common title defects that face real estate practitioners are defects due to liens and judgments, the rights of third parties, and breaks in the chain of title. The new endorsements and addenda can create opportunities and obstructions to resolving those defects.
Armed with the knowledge of curing these common title defects and the changes made to the ALTA policies, practitioners can ensure that they close commercial transactions on time and with little surprises.
Listen as our authoritative panel of real estate practitioners discusses the revised ALTA policies, the best practices for curing title defects arising from judgments and liens, defects arising from the rights of third parties, and defects caused by breaks in the chain of title.
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Urban Land Institute
Currently, a substantial amount of real estate assets are located in coastal cities vulnerable to the effects of climate change, from catastrophic events such as hurricanes and flooding, to more gradual changes such as sea level rise or extreme heat. Recent research has shown that the impact of real and perceived risks of climate change are already beginning to be reflected in pricing of residential real estate, and commercial real estate may be next.
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