January 13, 2012
Every real estate market is unique, and a residential deal may sour in New York for a completely different reason than a deal might do so in another part of the country. Much of the inventory for sale in New York City, for example, is comprised of Cooperative Units which bring with them a particularly unique set of requirements. This program will explore and analyze the varying complexities with both Coop and Condo deals that may cause a closing to be delayed or to not even occur. These include such issues currently vexing owners, lenders, title companies, brokers and appraisers as: œ Bottom-driven buyers and anxious boards of managers; œ Finding balance among delivery dates, mortgage contingencies, rate locks and default clauses; œ Short appraisals and Dodd-Frank rules and regulations for use of appraisers; œ Purchase, financing and combination of adjacent units œ Challenging underwriting guidelines resulting from changes in the Real Estate Settlement Procedures Act and revised Fannie Mae requirements; œ Obtaining title insurance from a source with adequate assets in a distressed title environment; and œ Reviews of current actual claims files and litigation discussing real property law and title insurance coverage issues.
Online registration is currently closed.
Please either call 212-382-6663 or come directly to the program.
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SAVE MONEY: Do you want to save 20% on this class? Firms with fewer than 10 attorneys receive a 20% discount if 2 or more register for the same CLE program. Firms with 10 or more attorneys receive a 20% discount if 4 or more register for the same CLE program. If this discount applies, please do not register online. You must call the City Bar Center for CLE - 212-382-6663.
CLE
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New York, California & New Jersey Credit: 2.5 total: 2.5 professional practice. Illinois Credit: 2.25 general MCLE credits.
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