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Posts Categorized: Laying Down the Law

Congress Extends Mortgage Debt Relief Act

Laying Down the Law

Written by Christopher J. Charles, Esq.   The general rule is that the forgiveness of debt is a taxable event.  26 U.S.C. § 61(a)(12).  Debt forgiveness is included within the… Read more

Subcontractor Mechanics Liens Don’t Apply To Owner-Occupied Residences

Laying Down the Law

By Christopher J. Charles, Esq.   The Valley’s real estate market has officially rebounded and construction is booming again. Because most contractors don’t get paid until the job is complete,… Read more

The Arizona Entity Restructuring Act: New Law To Increase Efficiency and Lower Cost For Arizona Businesses

Laying Down the Law

By Christopher J. Charles, Esq. & special guest Andy G. Anderson, Esq.   Many prudent real estate professionals form a business entity such as an LLC or PLLC for their… Read more

Can REALTORS® Use Drones To Photograph Listings?

Laying Down the Law

By Christopher J. Charles, Esq.   If drone manufacturers have it their way, drones will soon be as commonplace as iPhones. Domino’s wants to use drones to deliver pizzas; Amazon… Read more

Vacation Rentals and The Super Bowl

Laying Down the Law

By Christopher J. Charles, Esq.   I.  INTRODUCTION The Valley will be the entertainment hub of the world in January/February 2015.  Phoenix metro will host not only the Super Bowl,… Read more

Love Your Neighbor

Laying Down the Law

By Christopher J. Charles, Esq.   Most are familiar with the Judeo-Christian principle: “thou shalt love thy neighbor as thyself.”  Unfortunately, not everyone actually practices this principal.  And not all… Read more

Proceed With Caution: The Unrealized Cost of Pursuing Liquidated Damages Clause

Laying Down the Law

By Christopher J. Charles, Esq., David Degnan & Joshua Black   Many real estate listings contain a “liquidated damages” clause that allows the agent to collect a commission if the… Read more

Court Awards $140,000 Commission Pursuant to Liquidated Damages Clause

Laying Down the Law

By Christopher J. Charles, Esq.   Every now and then REALTORS® are faced with a tough decision when their client cancels a listing or a purchase contract. Should REALTORS® extend… Read more

What You Need to Know about the Economic Loss Rule (Part 2 of 2)

Laying Down the Law

By Christopher J. Charles, Esq. & David Degnan, Esq.   Prudent real estate professionals should have a general understanding of which real estate related claims are and are not recoverable… Read more

What You Need to Know about the Economic Loss Rule (Part 1 of 2)

Laying Down the Law

By Christopher J. Charles, Esq. & David Degnan, Esq.   Whether you’re a real estate broker, contractor, lender, or attorney, most real estate professionals will encounter litigation at some point… Read more

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