November 28, 2005 | The Legal Intelligencer
Subcontractor Prohibited From Filing Mechanics' LienIf the real estate market slows down, as some experts are predicting, Pennsylvania courts will likely be inundated with an influx of mechanics' lien actions filed by contractors who are left holding the proverbial bag on real estate projects mired in cost overruns and unrealized profits.
By Alan Nochumson
7 minute read
May 23, 2005 | The Legal Intelligencer
Lenders Have an Interest in the Post-Judgment RateIn Pennsylvania, once a mortgage foreclosure claim is reduced to judgment, the legal interest rate of 6 percent per annum applies unless the loan documents evidence a clear intent to continue the contractual interest rate post-judgment.
By Alan Nochumson
8 minute read
April 24, 2006 | The Legal Intelligencer
Sellers Prevented From Exercising Mortgage Contingency ClauseAgreements of sale generally contain a laundry list of contingencies that must be satisfied before the settlement date. Most, if not all, of these contingencies allow the buyer to escape from an otherwise unfavorable real estate transaction.
By Alan Nochumson
9 minute read
February 27, 2006 | The Legal Intelligencer
Landowner Prevented From Changing the Use of His PropertyWilson v. Plumstead Township Zoning Hearing Board is a cautionary tale on why landowners should not downplay zoning restrictions encumbering their property prior to purchase.
By Alan Nochumson
7 minute read
August 22, 2005 | The Legal Intelligencer
Local Bank Faces Reprimand Over Act 6 and 91 ForeclosureIn Wachovia Bank v. Marone, the Philadelphia Court of Common Pleas recently reprimanded a local bank for failing to give its borrowers Act 6 and 91 notices prior to foreclosing on their house.
By Alan Nochumson
8 minute read
March 13, 2006 | The Legal Intelligencer
A Cautionary TaleThe case of Wilson v. Plumstead Township Zoning Hearing Board PICS Case No. 06-0168 (Pa. Commw. Feb. 3, 2006) Cohen-Jubelirer, J., Simpson, J., dissenting (20 pages), is a cautionary tale on why landowners should not downplay zoning restrictions en
By Alan Nochumson
7 minute read
April 19, 2010 | The Legal Intelligencer
Court Refuses to Look Beyond Written Agreement of SaleIn most situations, before real estate is transferred from the seller to the purchaser, the parties to the real estate transaction enter into a written agreement of sale.
By Alan Nochumson
8 minute read
December 27, 2004 | The Legal Intelligencer
May the Force Majeure Be With You in Construction ContractsMost construction contracts allow contractors to escape legal responsibility if completion of the construction project is delayed by a force majeure event, i.e., acts of God, unusual weather conditions, war or riots.
By Alan Nochumson
8 minute read
February 28, 2005 | The Legal Intelligencer
City, Local Banks Lend Helping Hand to HomeownersAfter a long and cold winter idly watching home improvements shows on TLC and HGTV, many Philadelphians are gearing up this spring to renovate their homes. Before taking out that second mortgage, though, these homeowners would be shocked to discover that they are actually eligible for the following governmental programs relating to home improvements, repairs and ownership.
By Alan Nochumson
7 minute read
January 29, 2010 | The Legal Intelligencer
Is Changed Form Contract a Binding Agreement or Counteroffer?Most residential real estate transactions in Pennsylvania are entered into by way of the form documents created by the Pennsylvania Association of Realtors.
By Alan Nochumson
8 minute read
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