MREI ｜ Mayfair Real Estate Institute’s Post

[NEWS LEGAL UPDATE] Investors Must Release the Mortgage on Projects or Houses Before Signing a Contract with Customers Law on Housing 2023 will officially take effect from 01/08/2024. Accordingly, this Law amends and supplements several issues compared to Law on Housing 2014, including regulations that investors must release the mortgage on the projects or houses before signing contracts with customers. Specifically, Clause 2 Article 183 Law on Housing 2023 stipulates, “2. In case the investor of a housing construction investment project has mortgaged part or all of the project or the house and needs to raise capital according to the provisions of housing law or wants to sell or lease that house, they must release the mortgage on part or all of the project or the house and land use right before signing a capital mobilization contract, house purchase and sale contract, or house lease purchase contract with the customers, unless otherwise prescribed in Point b Clause 3 and Point a Clause 4 Article 88 of this Law. [...]”. The regulation mentioned above aims to protect the rights of buyers in transactions related to real estate as these transactions often carry several legal risks. For more specific advice on this regulation and related matters, please contact us. 👉 D.P.T Law Firm specializes in providing related legal services such as: 📌 Advising on legal regulations related to mortgage release, transfer contracts,…; 📌 Representing clients in administrative procedures related to real estate transactions; 📌 Participating in the resolution of arising disputes if any. 👉 Contact Us ☎ / Zalo: +84 336662099 📧 [email protected] 🌐 https://dptlaw.vn/ ✅ FB: https://lnkd.in/eFgeYEu2 #LawonHousing #Investors #Mortgage #Projects #DPT

Join us for #MultifamilyMonday! "🏢 Navigating the Legal Landscape in Multifamily Investments 🌐 At Patel Gaines Law Firm, we're here to guide you through the intricacies of multifamily investments. In the dynamic world of multifamily law, Patel Gaines Law Firm provides comprehensive legal guidance to help you navigate the complexities and protect your investments: Refinancing Risks: Understand the legal implications and potential challenges associated with refinancing in a changing interest rate environment. Our experienced attorneys will ensure compliance with loan covenants and explore options for renegotiating terms with lenders. Investor Relations Compliance: Maintain investor confidence and protect your reputation by adhering to evolving regulations and securities laws. Our team ensures your communication practices, disclosure obligations, and investor relations strategies align with legal requirements. Lender Issues and Loan Defaults: Proactively address lender concerns and mitigate financial risks with our comprehensive legal guidance. Understand the implications of loan defaults and explore options for renegotiation or dispute resolution. Asset Purchase and Sale Agreements: Structure agreements strategically to mitigate risks and maximize value in a distressed market. Our attorneys help identify creative purchase or sale vehicles based on individual circumstances, ensuring legal soundness and protecting your interests through thorough negotiation and legal review. Loan Modification and Forbearance: Explore legal options for adjusting loan terms or temporary suspension of payment obligations when facing financial hardship. Our team will help you understand the rights and obligations under loan modification and forbearance agreements, ensuring compliance with legal requirements during negotiations with lenders. For a continuous stream of valuable insights, legal updates, and experienced guidance, follow Patel Gaines Law Firm. Stay connected with us on LinkedIn for the latest developments in the legal landscape, ensuring you are well-equipped to navigate challenges and seize opportunities in the multifamily market. Your success is our priority, and by following Patel Gaines Law Firm, you're not just staying informed — you're staying ahead. 🏢💼 #FollowForLegalInsights #MultifamilyMonday #PatelGainesLawFirm

We've talked a lot about the benefits and risks of Subject To real estate deals, and today, we want to share this article about the essential documents that you’ll need and some of the clauses that you should insert into the contracts to help protect you. 📑 If you have questions, contact our team at southernloanservicing.com. #escrowservices #loanadministration #investorservices #loanservicing #lenderservices #noteservicing

Ever wondered why a Legal Description is crucial in real estate? Let's dive in: 1️⃣ Clear Boundaries: It pinpoints your property lines with precision, keeping boundary disputes at bay. 2️⃣ Smooth Transactions: An accurate Legal Description helps avoid title issues that can delay or derail your closing. 3️⃣ Loan & Insurance Approval: Lenders and insurers need this info to greenlight your mortgage and coverage, ensuring no unexpected hiccups. 4️⃣ Accurate Valuation: A correct description ensures your property is fairly assessed, influencing its market value and resale potential. 5️⃣ Zoning & Development: For developers, a precise Legal Description is key to successful planning and construction, avoiding costly mistakes. 6️⃣ Legal Safeguard: It protects your ownership rights, helping prevent legal battles over property boundaries. 7️⃣ Peace of Mind: Confidence in your property details means a secure, worry-free investment. Never underestimate the importance of accuracy in your Legal Description! Double-tap if this was useful! #LegalDescription #RealEstateTips #RealEstateTransaction #PropertyOwnership #SmoothClosing #TampaBayTC

Ever wondered why a Legal Description is crucial in real estate?👇 Let's dive in: 1️⃣ Clear Boundaries: It pinpoints your property lines with precision, keeping boundary disputes at bay. 2️⃣ Smooth Transactions: An accurate Legal Description helps avoid title issues that can delay or derail your closing. 3️⃣ Loan & Insurance Approval: Lenders and insurers need this info to greenlight your mortgage and coverage, ensuring no unexpected hiccups. 4️⃣ Accurate Valuation: A correct description ensures your property is fairly assessed, influencing its market value and resale potential. 5️⃣ Zoning & Development: For developers, a precise Legal Description is key to successful planning and construction, avoiding costly mistakes. 6️⃣ Legal Safeguard: It protects your ownership rights, helping prevent legal battles over property boundaries. 7️⃣ Peace of Mind: Confidence in your property details means a secure, worry-free investment. Never underestimate the importance of accuracy in your Legal Description! Double-tap if this was useful! #SupportBuildElevate #legaldescriptions #importanttipstoknow

Are you attending Practising Law Institute (PLI)’s 2024 Commercial Real Estate Financing program?   BCLP Of Counsel Suzanne Berger will be there for an insightful session, 'Common Foreclosure Defences and Issues', on March 26 at 11:30 am EDT covering topics including:   🟧 Understanding the election of remedies and the "single action" rule 🟧 Selecting or challenging jurisdiction and venue 🟧 Assessing lender liability and plaintiff standing 🟧 Reviewing evidentiary issues for business records 🟧 Advising clients on New York deficiency judgments   Secure your spot, below.   #RealEstate #CommercialRealEstate #Finance #LegalInsights #RealEstateDisputes

When crafting leases or other agreements that drive your revenue, keeping them as simple as possible will be to your benefit. It is very tempting to get creative in individual deals, but if your portfolio of tenants or clients grows and needs to be assessed as a whole for financing or refinancing, too much creativity becomes a burden. These are a few things that you can do early in managing your social purpose real estate that makes it easier to continue securing financing throughout the project life cycle: Stick to a Standard Format: Use the same lease template for all agreements—this makes it easier for lenders to assess and model from them and making life easy on your lenders is a good long-term strategy! Limit All Jargon (especially legal): Everybody on your team should be able to pick up your agreements and understand them. Even if the template comes from your lawyer, push back on wanting to have clear and understandable language in your documents or a plain-speak ride-along companion. Clearly Define Terms: Spell out payment schedules, durations, and any key obligations in simple terms. Try to not have inconsistent payments or conditional payments that make repayment unpredictable or challenging to model. Keep Records Consistently: choose one spot and format for saving your records and stick them all there. Set reminders for yourself on renewals and replace them as needed. The Keep It Super Simple method is often best, and the people conducting due diligence on your project will appreciate it. It also makes it much easier to process and get the money you’re looking for. #SocialFinance #CommunityFinance #DueDiligence #SocialPurposeRealEstate #KISS

Calling ALL Commercial Lenders: Is anybody else experiencing Cushman & Wakefield asking Commercial Lenders to indemnify against ALL parties until the end of time? 8) If C&W or any of its affiliates or any of their respective employees receives a subpoena or other judicial command to produce documents or to provide testimony involving this assignment in connection with a lawsuit or proceeding, C&W will use reasonable efforts to notify the Client of our receipt of same. However, if C&W or any of its affiliates are not a party to these proceedings, Client agrees to compensate C&W or its affiliate for the professional time and reimburse C&W or its affiliate for the actual expense that it incurs in responding to any such subpoena or judicial command, including attorneys’ fees, if any, as they are incurred. C&W or its affiliate will be compensated at the then prevailing hourly rates of the personnel responding to the subpoena or command for testimony. 9) By signing this agreement, Client expressly agrees that its sole and exclusive remedy for any and all losses or damages relating to this agreement or the appraisal shall be limited to the amount of the appraisal fee paid by the Client. In the event that the Client, or any other party entitled to do so, makes a claim against C&W or any of its affiliates or any of their respective officers or employees in connection with or in any way relating to this engagement or the appraisal, the maximum damages recoverable from C&W or any of its affiliates or their respective officers or employees shall be the amount of the monies actually collected by C&W or any of its affiliates for this assignment and under no circumstances shall any claim for consequential, indirect, special, punitive or liquidated damages be made.

Lenders have specific requirements for property valuation and legal documentation when applying for bridging finance. Property valuation necessitates a professional report from a qualified surveyor to assess the property's market value, guiding the loan amount determination. Legal documentation, such as property deeds, title searches, and proof of ownership, is often mandated to verify the property's legal status and suitability as collateral. Additional documents may include planning permissions, building regulations, and leases or tenancy agreements. Compliance with these requirements is crucial for borrowers seeking bridging finance, facilitating the loan application process and ensuring transparency and legal adherence throughout the transaction. Meeting these prerequisites streamlines the application process and enhances the borrower's chances of securing the desired financing. Visit our website for more information - https://lnkd.in/ds4J7vc #commercialfinancebroker #financebroker #commercialfinance #assetfinance #businessfinance #swordfinance #bridgingfinance #shorttermfinance

Buying or selling property is likely one of the most significant financial decisions you’ll make in your lifetime. Yet, amid the excitement and anticipation, the legal complexities of property transfer often feel like they’re written in a foreign language. Not to worry! Welcome to Conveyancing 101—your go-to guide for making sense of this intricate process. Introduction to Conveyancing: What Is It & Why Is It Important? Conveyancing is the legal process by which the ownership of property—be it residential, commercial or agricultural—transfers from one party to another. But it’s not just about scribbling your signature on a contract. It entails a host of legal steps that safeguard your interests, such as property searches, drafting contracts and mortgage approvals. In short, conveyancing is the unsung hero that ensures the smooth transition of one of your most valuable assets. READ MORE HERE OR GIVE US A CALL https://lnkd.in/gNesJaGH