Donald Trump finally owns the former home of John and Pat Kluge. Rebuffed by a federal judge in his effort to force the sale of “Albemarle House” for the $3.6-million foreclosure auction price, Trump has agreed to pay a reported $6.5 million for the property, according to The Daily Progress. Trump had already secured title [...]
Entries Tagged as 'Real estate'
Trump buys Kluge mansion
September 27th, 2012 · Comments Off · Real estate
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Trump cannot trump sale of former Kluge home
August 16th, 2012 · Comments Off · Federal Courts, Real estate, Western District
Donald Trump’s effort to get a bargain price on “Albemarle House,” the 23,000-square-foot former home of John and Pat Kluge, has foundered in federal court. A Charlottesville federal judge declared Thursday that the New York developer does not have a right of first refusal to buy the Albemarle County mansion, leaving Bank of America free [...]
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Buyer sues home seller for ‘false advertising’
March 15th, 2012 · Comments Off · Fairfax Circuit Court, Real estate
A home buyer who thought he was getting a “mother-in-law apartment” is suing the seller and a realty company for false advertising. Darrell Brown and his wife bought the Sterling, Va., home in 2009 from Michael Labelle, according to a Fairfax Circuit Court opinion in Brown v. Labelle. Labelle was both owner and listing agent [...]
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Trump not paying legal bills, lawyers say
December 2nd, 2011 · Comments Off · Real estate
Two Richmond-area lawyers say their firm is getting stiffed by Donald Trump and they want out of a lawsuit in Charlottesville federal court. A Trump spokesperson blames the dispute on shoddy work by the Virginia lawyers. The lawyers from Cook, Heyward, Lee, Hopper & Feehan PC of Glen Allen are asking a federal judge to [...]
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Trump still in court in effort to buy Kluge home
November 11th, 2011 · Comments Off · Real estate
A bank’s effort to move Donald Trump from the head of line for buyers of the Kluge mansion in Albemarle County remains alive in federal court. U.S. District Judge Norman Moon denied Trump’s motion to dismiss the suit filed by a Bank of America affiliate. The bank disputes Trump’s claim to a right of first [...]
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Mortgage ‘rescue’ crackdown continues
August 25th, 2011 · Comments Off · Criminal Cases, Real estate
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 Beach firm has agreed to refund $7,800 to five customers and to pay $5,000 to [...]
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Bank settles with victims of real estate scheme
August 22nd, 2011 · Comments Off · Fraud, Real estate
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 that targeted the bank for its role in financing real estate purchases from the Woodbridge-based [...]
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Federal court certifies CRESPA case
August 2nd, 2011 · Comments Off · 4th Circuit, Real estate
Whether a private plaintiff may sue a surety under Virginia’s CRESPA statute is a question that was certified today to the Supreme Court of Virginia by the 4th U.S. Circuit Court of Appeals. Several Virginia state and federal courts that have considered the question have found no private right of action under Virginia’s Consumer Real [...]
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Foreclosure in Virginia: Same as it ever was
May 20th, 2011 · Comments Off · 4th Circuit, Real estate
It’s not just a refrain from a Talking Heads song. It’s also the latest account of what the law says about how foreclosure works in Virginia. In March, we reported on a legal challenge to how foreclosures are conducted in Virginia, in the wake of the housing market collapse. Alexandria lawyer Chris Brown argued in [...]
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Bill would allow attorneys’ fees for proffer challenges
February 17th, 2011 · Comments Off · Local government, Real estate
Legislation is making its way through the General Assembly to make it easier for developers to fight local governments that seek to extract cash proffers before completion of new construction projects. It’s the latest development in a debate over the retroactive effect of a 2010 statute that forbids local governments from collecting early cash proffers [...]
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