Generally, you will not be asked to surrender your house, car or other property when filing a Chapter 7 or Chapter 13 bankruptcy. The bankruptcy law recognizes that bankruptcy filers should be able to protect some of their assets, and it is my experience that most of the time, these exemptions, will include your [...]
Although accounting rules usually don’t end up as front page news, there are some recent proposals to change the Financial Accounting Standards Board (FASB) accounting rules that should have a significant impact on the commercial real estate industry. The rules may make it more likely that companies will choose to own property rather than rent [...]
Although accounting rules usually don’t end up as front page news, there are some recent proposals to change the Financial Accounting Standards Board (FASB) accounting rules that should have a significant impact on the commercial real estate industry. The rules may make it more likely that companies will choose to own property rather than rent [...]
Your Commercial and/or Industrial Real Estate holding/s are most likely the most valuable asset/s you or your entity may ever own. With so much at stake, the advice and counsel of a professional is not really an option – it’s a necessity. Whether it’s a property boundary issue that you have recently discovered, an adjoining owner improvement [...]
COMMERCIAL AND INDUSTRIAL Title policies insure owners and lenders against possible losses from claims against COMMERCIAL AND INDUSTRIAL real property ownership. The preliminary report or title commitment provides advance information on matters which will be excepted from coverage. Lenders and owners are thereby given an opportunity to correct title flaws before purchasing or lending. Title [...]
Commercial real estate transactions can involve a broad range of complex issues and parties. PAXIN CLOSING AND ESCROW, LLC works directly with developers, contractors, investors, financial institutions, and other critical entities in this arena. Our expertise spans a wide range of legal and transactional segments of the commercial real estate industry. We are also adept [...]
Due Diligence is a key term used in Commercial and Industrial real estate transactions. The term is always related to the process of inspection, examination and investigation of a subject property to determine the suitability of said property for a particular transaction, prior to a purchaser finalizing the purchase of the property. In all [...]
At Paxin Closing and Escrow, LLC, we provide title insurance policies and related real estate transaction and mortgage lending products and services to individual consumers, mortgage lenders, businesses and government agencies. Our products and services protect our customers from financial loss and hardship related to unknown judgments and liens, forged transfers, inconsistencies within a property’s title [...]
Over the last several months, a number of states from Colorado to New Jersey have posted warnings on the return of the Attorney’s Escrow Account scam. As described on the New Jersey Department of Insurance web site, scammers accomplish the scam via e-mail solicitations to attorneys that typically involve the claim of delinquent collections, or [...]
With a tremendous number of Commercial and Industrial properties in foreclosure and default, in the State of Georgia, there are a great deal of title issues that must be cleared prior to the subsequent resale or re-finance of these properties. Some of these issues will result in title insurance claims and following is the fourth [...]