New Rules Affecting Buyers and Sellers of Real Estate
Are you currently selling your home or shopping for a new one? If so, you should be aware that the CFPB (Consumer Fraud Protection Bureau) has new
rules that go into effect on August 1, 2015! These rules apply to all “closed- end consumer credit transactions secured by real property”, meaning
purchase money mortgages, refinances, timeshares, construction only loans and parcels 25 acres or less. The sale and purchase of vacant land, which
was previously considered a commercial transaction, is also subject to the new rules. Home Equity Lines of Credit, reverse mortgages, mobile home loans,
commercial transactions and private lenders originating less than 5 loans per year (e.g., Articles of Agreement) are exempt from the new rules and
forms. Read More >
Cash is King
Kimberly Wisneski - Monday, June 15, 2015
Use of a Charitable Remainder Trust to Minimize the Tax Impact of Inversion
David Semmelman - Wednesday, September 24, 2014
An inversion occurs when there is a merger between a U. S. domestic corporation
and a foreign corporation and the resulting corporation is a foreign corporation.
One motivation for an inversion is the opportunity for the former U. S. corporation
to avoid being taxed in the United States on income that was derived from sales
outside of the United States. Read More >
September 2014 Newsletter
David Semmelman - Thursday, September 11, 2014
Business Law Update
Kimberly Wisneski - Thursday, July 31, 2014
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