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Subsequent Purchasers Liable For Mortgage Lien Despite Existence Of Mortgage Satisfaction Piece
Whenever real estate is purchased, the buyer should obtain title insurance to protect their interest in the property. As part of procuring title...
Builder Lacks Insurance Coverage For Faulty Workmanship
What happens when a newly constructed home is not built in a workmanlike manner? The homeowner will certainly look to the builder for remediation....
Court Refuses To Find That Letter Of Intent Contains Duty To Negotiate In Good Faith
Letters of intent are commonly used in the commercial landlord-tenant context. In the simplest sense, a letter of intent is a desire for the parties...
Rental Applicants Do Not Have Viable ECOA And UTPCPL Claims
A recent decision handed down by the United States District Court for the Middle District of Pennsylvania in Portis v. River House Associates sheds...
Purchaser Lacks Claim Against Title Insurer For Property’s Physical Defect
In most real estate transactions taking place in Pennsylvania, title insurance is purchased in order to protect against “defects” in title that may...
Commercial Landlord Allowed To Re-Let Leased Premises
In the commercial lease context, a landlord in Pennsylvania is not required to find a replacement tenant where the original tenant leaves the leased...
Wife Not Responsible For Spouse’s Inaccuracies In Disclosure
In order to protect homebuyers from “seller fraud”, the Pennsylvania General Assembly enacted the Real Estate Seller Disclosure Law (RESDL). At its...
Borrower May Be Excused From Returning Loan Proceeds Under TILA
Many homeowners borrow money as a second mortgage so as to purchase their house, pay for home improvements, or pay off unrelated personal debt. In...
Flighting Blight: City Is Allowed To Demolish Unsafe Property
In less than a generation, many properties located within Philadelphia’s city limits that had been an eyesore for generations have either been...
Lender Not Responsible For Misconduct Of Its Mortgage Broker
In shopping for a mortgage loan, most potential borrowers do not deal directly with mortgage lenders. Rather, these potential borrowers usually...