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Tag Archives: 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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Plaintiff entitled to $19M in additional tax credits for property – $19,000,000 Verdict (access required)

This case stems from the conservation tax credit program codified under Virginia law at Code § 58.1-512. Under that program, when a grantor donates land for conservation purposes, the Department of Taxation is to issue tax credits in an amount ...

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