To Insure a Data Center or Not??
By
Paul Monaco on May 5, 2016
The great recession was terrible in most ways, but it also gave us time to golf, spend time with the family and do research. I chose to research the data center market; being in Silicon Valley it seemed to make sense. Plus as most markets were crashing, ...
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Topics: Data
Not-For-Profits and Real Property in New York
By
Mike Berey on April 28, 2016
The “Non-Profit Revitalization Act of 2013”, enacted by Chapter 549 of the Laws of 2013, was the first major overhaul of New York law relating to non-profit entities in forty years. The Act, effective July 1, 2014, dealt with issues of corporate ...
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Deeds in Lieu: Subsequent Foreclosure of Mortgage
By
Jack Murray on April 15, 2016
Deeds in lieu of foreclosure are often heavily negotiated. However, in many instances the lender is actually doing the borrower a favor by agreeing to accept a deed-in-lieu. The lender rarely is actively seeking to acquire a property with a value less ...
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The Need For Correct Names on UCC Continuations
By
David L. Wanetik on April 6, 2016
In 2001 a major revision of Article 9 of the Uniform Commercial Code was highlighted by the requirement that the secured party get the name of the debtor “correct”. Without the correct name, the filing could be deemed “seriously misleading” and ...
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Topics: UCC
Title Company Reporting Required by FinCEN
By
Mike Berey on March 29, 2016
The United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) on January 13, 2016 issued Geographic Targeting Orders (“GTOs”) requiring “certain U.S. title insurance companies to identify the natural persons behind companies ...
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Topics: FinCEN
Limited and Conditional Guaranties
By
Jack Murray on March 20, 2016
A mortgage lender occasionally is willing to limit the amount guaranteed by a third party in connection with a mortgage loan. Usually this is because the loan-to-value ratio at the commencement of the loan is sufficiently strong, or there is enough ...
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Topics: Lender