Recent Case Decisions

Recent case law setting precedent for the real estate community.

First-time homebuyer tax credit not available with an entity vesting
July 27, 2012
First-time homebuyer tax credit not available...
Facts: A buyer used funds from an...
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Justice Gavel
July 27, 2012
Buyer cannot claim first-time homebuyer tax c...
Facts: A buyer purchased property to use...
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Improvement district invalid due to inaccurately weighted votes
July 19, 2012
Improvement district invalid due to inaccurat...
Facts: A local agency established an improvement...
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Guarantor not liable for loan deficiency when event causing loan to become recourse is not triggered
July 19, 2012
Guarantor not liable for loan deficiency when...
Facts: A borrower entered into a loan...
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Scale of Justice Holding a Gavel
July 19, 2012
Assignee barred from collecting on junior lie...
Facts: A lender provided purchase-assist financing to...
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No legal action necessary to obtain a prescriptive easement
July 17, 2012
No legal action necessary to obtain a prescri...
Facts: A property owner made improvements to...
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Wooden gavel and law book
July 5, 2012
first tuesday case in point: RESPA “no-new-...
This case in point discusses RESPA’s application...
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No general duty owed to holder of option to purchase
June 22, 2012
No general duty owed to holder of option to p...
Facts: A seller held eight parcels of...
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Correct interest tax deduction determined by homeowner’s filing status
June 22, 2012
Correct interest tax deduction determined by ...
Facts: A married homeowner obtained a $1...
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iStock_000002116286Large
June 19, 2012
No failure to disclose when information is no...
Facts: A real estate investment trust (REIT)...
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