Author: ft Editorial Staff

May a sheriff’s sale be set aside when the foreclosure judgment granting the sale is later reversed?

Lee v. Rich Facts: A homeowners’ association (HOA) places an assessment lien on a property in its common interest development (CID) when the owner fails to pay multiple delinquent HOA assessments. The HOA obtains a judgment to foreclose on its lien and the property is sold to a third-party buyer at a sheriff’s sale. After the statutory redemption period elapses, the foreclosed owner obtains a judgment to vacate the HOA’s foreclosure judgment. Claim: The foreclosed owner seeks to set aside the sheriff’s sale, claiming the sale is void since the foreclosure judgment granting the sale was vacated. Counter claim:...

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FARM: Shopping for a luxury home?

Use this first tuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a list of all our FARM letter templates, visit our FARM Letter page. Download the Personalization Instructions Download the PDF Template Download the Microsoft Word Template Text only If you’re ready to find your dream home, I’m the expert you need to make that dream a reality. As a specialist in luxury home sales, I have access to a wide range of high-end listings in your area. I can bring you the finest display of homes available and help you find...

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What percentage of your real estate clients do not initial the arbitration provision found in CAR-type purchase agreements?

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[M]ost people join CAR in order to obtain the forms, not for the other services. And if there were any viable choices for agents, CAR would immediately suffer as much as a 40% to 50% loss in membership. […] CAR owns the “for profit” company that produces their software, with top officers in CAR sitting in top management spots in ZipLogix. This is the living, breathing definition of a conflict of interest. […] On their website they parade their forms software as “free” when cost of their forms software for non-members as a percentage of their actual membership cost speaks for itself.

- William Tormey, on CAR is "dangerously close" to having a monopoly on real estate forms, counters PDFfiller

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