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Real Estate

Substitute Trustee Valid for Foreclosure (access required)

A Richmond U.S. District Court dismisses plaintiff borrowers’ suit alleging defendant note holder LNV Corporation’s substitution of trustee is invalid and foreclosure on their property should be overturned. Plaintiffs must demonstrate that but for LNV’s allegedly invalid execution of the ...

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No Dismissal for Missing ‘Necessary Party’ (access required)

In plaintiffs’ suit against a condominium association, a Norfolk Circuit Court denies defendant’s motion to dismiss the suit on the ground that all mortgagees and owners of the condominiums are necessary parties, and plaintiffs have failed to join all necessary ...

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Broker Seeks Commission on Shopping Center Sale (access required)

In plaintiff broker’s suit for commission for the sale of Winchester Station shopping center, defendant had a buyer’s brokerage agreement of no definite duration and a confidentiality agreement for one year, prior to the property being listed, and the Fairfax ...

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