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Lien Gaps

Ruling Reaffirms Justified Reliance on Records

Wednesday, July 9, 2008

By Marvin N. Bagwell

Marvin N. Bagwell, president and CEO of Bagwell & Associates Title Agency LLC, writes: Title underwriters are prone to nightmares. Given the current economic state of the real estate industry, probably the most prevalent cause of jolting straight up from a formerly restful evening is "Will I have a job on Friday?" But every now and then, a more mundane issue will provoke a frantic visit to a therapist. One such issue is a court decision that provides past and future judgment creditors with a way to reinstate their liens on real property even after those liens have expired of record (and have been omitted as an exception in a title policy). Sometimes nightmares come true. That brings us to the story of Gletzer v. Harris.

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Realty Law Digest

Wednesday, July 9, 2008

By Scott E. Mollen

Scott E. Mollen, a partner at Herrick, Feinstein and an adjunct professor at St. John's University School of Law, analyzes a number of recent ruilngs, including the eviction of an attorney for allowing his apartment to become "unfit for human habitation and . . . a health-and-safety risk to other tenants" and a rejection of a bid by a non-profit group to sell property.

Marketplace

Wednesday, July 9, 2008

By Justin Smulison

A little more than 18 months after Kushner Companies purchased 666 Fifth Ave., the firm has sold its 49 percent interest in the retail portion of the building to a joint venture of The Carlyle Group and Stanley Chera's Crown Acquisitions for $525 million. Also, international design and construction firm Skanska USA Building Inc. has agreed to lease the entire 32nd floor of the Empire State Building.

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