SPECIAL EVENT (Entities & Distressed Properties) - West Palm Beach
Thursday, August 30, 2012 from 9:00 AM to 5:00 PM (EDT)
West Palm Beach, FL
Two 3-hour seminars will be presented in one day. When you register for both at a discounted rate, a complimentary lunch is included. Lunch will be from 12:00 p.m. to 1:30 p.m. during the break between seminars. Topics are:
Not Quite Human: Dealing with Entities Involved in Real Property Transactions (9:00 to 12:00) - Calvin Coolidge said “[t]he chief business of the American people is business. They are profoundly concerned with buying, selling, investing and prospering in the world.” As real property practitioners know, the public records are full of transactions involving business entities. Between general partnerships, limited partnerships, corporations and limited liability companies, there are myriad ways to hold title to real estate, and there are significant differences in how each entity conducts its business; and how each holds, conveys, finances and uses its real property. Not Quite Human is a “basic skills” seminar, where we will discuss attributes of each type of entity including management structure and voting; what the standard commitment clauses relating to each entity mean; and how to meet those requirements. Title considerations applicable to real estate transactions involving domestic and foreign corporations, general and limited partnerships and limited liability companies will be examined. Practical tips will be given on ensuring compliance in the transaction through the proper use of documentation, such as resolutions and affidavits. This seminar is approved for continuing education with The Florida Bar, NALA, and DFS.
Distressed Residential Property Transactions, Short Sales, Deeds in Lieu, REOs (1:30 to 5:00) - A daunting array of emerging and evolving issues confront attorneys who represent property owners in economic distress. Because real estate lawyers must face the reality of an abnormally high number of distressed property transactions for the foreseeable future, this seminar tackles the subject matter holistically. Covered scenarios include refinancing, modification, short sale, deed in lieu of foreclosure and REO closings. Counsel for stakeholders have many issues to consider when advising clients, choosing among various property disposition (or acquisition) alternatives. This seminar covers the dimensions of distressed residential property transactions from intake through closing, including various government programs and title insurance issues. It is designed for both novices and experienced practitioners. For those who may not have previous exposure to the federal programs, the handout materials include relevant resources relating to HARP, HAMP, HAFA, and Fannie Mae’s Deed for Lease program. For experienced practitioners, the focus of the live presentation moves beyond these materials into FIRPTA (relating to short sales), advising clients concerning the applicability of The Mortgage Forgiveness Debt Relief Act of 2007, and new FTC rules governing debt counseling. The expanded ethical component (1 hour) will focus on the nature and extent of the relationship(s) the attorney has to the various parties involved in a distressed residential real property transaction. Because of the constantly evolving nature of distressed residential real property transactions, the seminar content will evolve throughout the year. This seminar is approved for continuing education with the Florida Bar, NALA, and DFS.
Your message has been sent!
In order to purchase these tickets in installments, you'll need an Eventbrite account. Log in or sign up for a free account to continue.