Ready, Set, Invest: A Due Diligence Checklist for Foreclosure Property

Foreclosure sales are an excellent resource for investors looking to purchase fixer-upper properties at low prices. However, there are many risks of buying properties sight unseen, and misconceptions about the foreclosure process can lead to nightmare scenarios of surviving liens… Read more

April 4, 2023 | Commercial Real Estate

Lis Pendens and Arbitration — Avoiding an Either-Or Dilemma

By Daniel L. Stephens

The filing of a Lis pendens is a vital tool for protecting a party’s rights in enforcing a purchase and sale agreement for real estate, but if the claim at issue falls within a mandatory arbitration clause, the party may… Read more

August 12, 2022 | Commercial Real Estate

Be Wary of Real Estate Closings When Appealing Judgments

By Gaela R. Normile

The Supreme Court of Virginia recently issued an opinion serving as a cautionary tale for judgment debtors appealing judgments against them while concurrently seeking to pass clear title on unrelated real estate sales. That case is Sheehy v. Williams, 2020… Read more

December 16, 2020 | Commercial Real Estate

The Short Guide to Short-Term Rentals: Norfolk, VA Edition

By T. Duggan O’Dea

Short-term rentals have become increasingly popular with Hampton Roads visitors and a big source of income for local property owners. Many guests in the Hampton Roads area are finding accommodations on websites like AirBnb.com, HomeAway.com, and Tripping.com, instead of staying… Read more

October 16, 2020 | Business & Corporate | Commercial Real Estate

The Short Guide to Short-Term Rentals: Richmond, VA Edition

By T. Duggan O’Dea

Every day, short-term rentals play host to international visitors around the world. Whether for business or pleasure, short-stay accommodation websites like AirBnB.com, HomeAway.com, Tripping.com, and more have replaced traditional motel and hotel stays for many travelers of all ages. Naturally,… Read more

July 14, 2020 | Business & Corporate | Commercial Real Estate

Lease Issues in the COVID-19 Environment [Part 1]

By Richard J. Crouch

In the current COVID-19 crisis, attorneys are receiving numerous questions from landlords and tenants, as to their respective contractual obligations under their commercial leases. Tenants are carefully analyzing the provisions of the lease to determine if any provisions therein could… Read more

June 19, 2020 | Commercial Real Estate | COVID-19 Task Force

Lease Issues in the COVID-19 Environment [Part 2]

By Richard J. Crouch

The COVID-19 crisis has significantly impacted the ability of parties to satisfy their respective obligations under their commercial leases. As mentioned in Part 1 of this series, many parties are discovering that the language of force majeure clauses often lacks… Read more

June 19, 2020 | Commercial Real Estate | COVID-19 Task Force

Completing Commercial Real Estate Transactions in the COVID-19 Environment

By Richard J. Crouch

How do I get my commercial real estate transaction closed in the COVID-19 environment? Many transactions are at a standstill, particularly if lenders are overwhelmed or are having difficulty underwriting loans with economic conditions in a state of flux. However,… Read more

June 4, 2020 | Commercial Real Estate | COVID-19 Task Force

Loan Issues In the COVID-19 Environment

By Richard J. Crouch

In the current COVID-19 environment, many borrowers are asking whether the government will grant borrowers any relief from payment obligations under their commercial loans. There is a general reluctance of governmental authorities to interfere with private contracts, which would include… Read more

June 4, 2020 | Commercial Real Estate | COVID-19 Task Force

Fannie Mae and Freddie Mac will grant mortgage forbearance for Borrowers who suspend evictions for renters in multifamily properties with loans backed by Fannie Mae or Freddie Mac

By Ray W. King

The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus (“COVID-19”).… Read more

March 26, 2020 | Commercial Real Estate | COVID-19 Task Force

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