Monthly Archives: January 2013

Financing Contingencies in Purchase and Sale Agreements

By:      Mary J. Drury Financing contingencies in commercial purchase and sale agreements are common.  But in this day and age of securitized or “conduit” loans, which are commercial loans that …

Condemnation: Public Use or Public Purpose

A REVIEW OF KELO V. CITY OF NEW LONDON; THE U.S. SUPREME COURT HOLDS THAT CONDEMNATION FOR “PUBLIC PURPOSES” INCLUDES REDISTRIBUTION AND (RE)DEVELOPMENT By:  Mary J. Drury, Esq. After approving …

Bases for Rescission in Failed Real Estate Transactions

By Mary J. Drury Rescission is an equitable remedy which abrogates a contract and places the parties in the position they occupied prior to executing the contract.[1]  There can be …

Personal Property Aspects of a Residential Purchase and Sale

“Real Property Transfer Tax” is due for the transfer by deed of any interest in real property, including a water right, permit, certificate or application.  Personal property is not taxed. …