CRE Insider Blog

Welcome to the CRE Insider Blog, a source of info and insights from First American’s leading real estate experts.

Pre-Workout Agreements Revisited – Are They Enforceable?

By Jack Murray on December 1, 2016
In response to the surge in lender-liability claims against mortgage lenders commencing in the mid-1980s -- especially in connection with affirmative claims or defenses of borrowers based on breach of an alleged oral agreement to extend, modify or ...
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Topics: Mortgage Lending Pre-Workout Agreements

Industrial Development Agency Mortgages Newly Subject to Part of New York State’s  Mortgage Recording Tax

By Mike Berey on November 9, 2016
Mortgages executed by Industrial Development Agencies have been exempt from the payment of any portion of the mortgage recording tax, provided that the Agency covenants in the mortgage that it will record the mortgage. (See New York State Department of ...
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Topics: Industrial Development New York Mortgage Tax

Testimonial : The Hanover Company

By First American NCS on November 1, 2016
The Hanover Company, a Houston-based, national real estate development firm, has had the pleasure of being a client of First American Title Insurance Company (FirstAm) for many years.
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Topics: Customer testimonial

The EB-5 Program - Financing CRE

By Jack Murray on October 13, 2016
On December 15, 2015, Congress passed an Omnibus appropriations bill containing, among other things, an extension of all current EB-5 rules (with no modification) until September 30, 2016 (“2016 Extension Period”). Congress recognized the need for reform ...
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Topics: EB-5 Program

Get Your 2016 ALTA Endorsement Guide

By Tanisha Quilter on September 30, 2016
The Endorsement Guide is intended to serve as an introduction to the most commonly requested title insurance endorsements in today’s market. It contains the text of each endorsement as used in the industry, and is followed by a brief explanation and ...
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Topics: ALTA Endorsement Guide

A Brief History of Bankruptcy Law

By Jack Murray on September 15, 2016
Having studied and researched, and written and spoken on, bankruptcy issues ad nauseam for more than three decades, I have traced the etymology, scope, and evolution of modern U.S. bankruptcy laws and practice as follows:
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Topics: Bankruptcy laws

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