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Tag Archives: Real Estate

Bank challenges Trump’s bid for Kluge mansion

The Bank of America is asking a federal judge to block Donald Trump’s claimed right-of-first-refusal to buy the embattled Albemarle House mansion near Charlottesville. Trump owns the front yard and other nearby properties formerly controlled by heiress Patricia Kluge, who ...

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Foreclosure Challenge to MERS Fails (access required)

A Fairfax Circuit Court dismisses a borrower’s suit against Mortgage Electronic Registration Systems Inc. challenging foreclosure on her property. On Dec. 6, 2010, plaintiff Sandra Graves filed the instant action alleging 1) entitlement to a judgment declaring the foreclosure unlawful; ...

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Owners’ fee award against HOA may prompt more suits (access required)

A new attorney’s fees opinion by a Fairfax judge could fuel litigation against community associations, lawyers say. Homeowners are entitled to recover attorney’s fees if they prevail in a suit under the Virginia Property Owners’ Association Act, the judge decided ...

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Mortgage ‘rescue’ crackdown continues

Troubles abound for those accused of trying to make a quick buck off the foreclosure crisis. Virginia AG Ken Cuccinelli has announced a third settlement with a company that allegedly charged illegal advance fees for “foreclosure rescue” services. A Virginia ...

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Bank settles with victims of real estate scheme

Bank of America has reached a deal to end a lawsuit by scores of investors who claimed they lost millions purchasing overvalued Carolina waterfront property. The terms of the settlement were not disclosed. The deal essentially ends a federal lawsuit ...

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Court Construes Contract’s Financing Clause (access required)

In this first-impression case, a Salem Circuit Court says inserting the handwritten phrase “subject to approval of financing” into a real estate contract’s clause on the closing date makes the purchase contingent on the buyer’s ability to obtain financing. There ...

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