Real Estate Law

Recent Posts

End of (An) Empire (In) Nevada
Posted on 23 Jun 2011 by Peter J. Gallagher

You can now count Empire, Nevada as one of the unintended victims of the housing crisis. Yes, that's right, the whole town is gone. Unlike cities like Youngstown, Ohio (" Sweet Jenny I'm Sinking Down . . . Here Darlin' In Youngstown "... Read More

How Do You Say Scapegoat In French? "Fabulous Fab" Still The Only Target Of SEC Investigation Into Goldman Sach's Mortgage Trading Operations
Posted on 8 Jun 2011 by Peter J. Gallagher

Several years after the start of the financial crisis, and the mortgage meltdown that caused it, only one individual, Fabrice Toure - a/k/a "Fabulous Fab," his self-imposed moniker -- has been sued by the SEC for selling the mortgage backed... Read More

DLA Piper Real Estate Litigation Alert – City Attempting To Seize Underwater Mortgages Via Eminent Domain: Constitutional Objections, Potential Investor Losses
Posted on 28 Aug 2013 by DLA Piper

The City of Richmond, California has commenced the process for taking by eminent domain hundreds of notes secured by mortgages on underwater residential properties owned by investors through residential mortgage backed securities (RMBS). This is the... Read More

Recent Changes to Real Estate-Related Laws Reflect Continuing Housing Woes
Posted on 12 Jan 2012 by Andrea Lee Negroni, Esq. and Mary M. Pfaff

By Andrea Lee Negroni, Esq. and Mary M. Pfaff The continuing downdraft in the housing economy has stimulated adoption of a wide variety of consumer protection provisions in real estate laws and statutory requirements for accountability by lenders,... Read More

Anatomy Of The Housing Crisis
Posted on 1 Jun 2011 by Peter J. Gallagher

With Oprah signing off this afternoon, perhaps it is time that this blog replaces her immensely popular book club. I just finished reading " The Big Short ," written by Michael Lewis (author of many notable books including " Liar's... Read More