Is Arbitration for Real Estate Always Enforceable in SC?
Attorney Clay Olson recently published a blog post analyzing a recent decision by the SC Court of Appeals in the matter of Faltaous v. Anderson Ocean Club Development, in which the "mandatory arbitration" clause was denied by the court.
According to Olson, this means that SC courts may not enforce the mandatory arbitration as a matter of course, and it will depend on each individual case, and how specific the language to be enforced reads.
Bottom line: Builders and real estate practitioners need to get sound legal advice on how to word arbitration clauses properly if they want them to be enforceable in SC.
Many savvy buyers are stalking their prey as the real estate market tumbles down, supply and demand driving prices to market equilibrium.
When lenders toughen their standards and the housing market is challenging for sellers, many homeowners will choose to either add or remodel their existing home, instead of changing it for a new one to satisfy their needs. Many builders have chosen not to build any new "spec" homes and focus on remodeling and additions instead.
Federal funding for the National Flood Insurance Program expired back in February, and Congress has let it lapse several times this year.
The National Association of Hispanic Real Estate Professionals (NAHREP) published this interesting article on their blog about the role that minorities will play in helping the U.S. housing market back on its feet (click link to read article):
And the winners are...
As inventory increased in the years following the "sub-prime meltdown" and we switched from a "seller's market" to a "buyer's market", many buyers experienced MORE DIFFICULTY in making a puchase decision.
This beautiful luxury waterfront mansion at 
...Because of increased business at the PORT of CHARLESTON!
All CONDO LOANS, including those backed by the government, Fannie Mae & Freddie Mac, now require the buyers to purchase HO6 (contents/wall-in) insurance, and require the premiums to be included with the escrow reserves.
Yesterday I heard on the radio that the Obama administration is thinking about increasing their support to lenders so that they consider more short sales instead of foreclosures.
The first 2 months of 2010 have featured two major earthquakes, in Haiti and in Chile, that have caused much damage and many deaths. If the Charleston area were to experience a catastrophic earthquake, would your insurance policies provide the protection you need? Here are some answers to questions you may have. But be sure to understand that all insurance policies are not alike and you must read your policy and/or speak to your...
Interest rates provide the key ingredient to the mortgage recipe. They determine the cost of your borrowing, how much you can borrow, and how much of your time will be consumed repaying what you borrow. Their importance cannot be overestimated and an explanation of such would fill volumes. The vital nature of interest rates in our economy begs the question: where are they heading?
The analysis of housing markets showed some repeats from the previous year, the magazine’s editors noted, including Texas, which had a strong showing. Quality of life and costs helped p...