In May, Governor Hickenlooper signed into law Senate Bill 11-234 – Concerning Residential Real Property Transfer Fee Covenants. The bill is targeted at prohibiting fees payable upon the transfer of residential real property to individuals and entities where such fees do not touch and concern the real property. The common law likely already prohibited such fees. Nevertheless
"Residential Real Estate"
Rescission Rights for Residential Buyers under Interstate Land Sales Full Disclosure Act
By Otten Johnson on
A recent Wall Street Journal blog post reports that New York courts are allowing more residential real estate buyers to rescind contracts pursuant to the Interstate Land Sales Full Disclosure Act (ILSFDA). As noted in the post, and as we are also seeing here, many buyers are trying to get out of their contracts. Those…