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Archive for Real Estate

Tough Times Ahead For Real Estate Attorneys?

by Ryan McKeen
It seems that the music is about to stop for real estate attorneys yet again.
2009 was the year of the refi. With interest rates at historic lows it made sense for many homeowners to lock in fixed rate loans at rates at or near 5%.
While attorneys weren’t doing record numbers of purchases and [...]

Doing The Deed: CT’s Real Property Electronic Recording Act

by Ryan McKeen
One of the jobs of an attorney after a real estate closing is to record the transaction on the land records.
This involves an attorney driving to the town hall where the property is located and physically recording the documents.
Of all the legislation that will take effect on October 1, 2009. The Uniform Real [...]

Connecticut Superior Court Clarifies Mechanic’s Lien Statute Regarding Time Limit For Filing Of Lien

The following situation comes up more often then you think.
A contractor performs services. Several months later, a homeowner notices a defect and calls the contractor to repair the work that was done months ago. The contractor comes out and performs the work and there’s a billing dispute.
Under Connecticut law, a contractor must file a mechanic’s [...]

Condo Duplex A Conplex

File this under things I never thought about.
In Connecticut there are condo complexes that are comprised entirely of two units. The street term for these condos are conplexs. One part condo and one part duplex.
These units would appear to the naked eye to be a duplex or a two family home.
Why do developers make these [...]

Foreclosure in Connecticut: A Sign Of The Times

Yesterday I did a title bring down on a bank owned property. That’s not the interesting part of the story.
Having looked through thousands of pages of land records in my life, it’s not uncommon to come across a bank owned property.
Usually, I see title in the name of “New Alliance” or “Enfield Federal Savings Bank” [...]

Explaining The Crisis of Credit

Explaining (in Part) The Decrease In Business Start Ups In Connecticut for 2008

by Ryan McKeen 1/29/2009
Yet even that number, economists said, may be just a cloud. The total number of businesses to start in Connecticut last year — 27,483 — is still 11 percent lower than the number of those that started up in 2007. The data were released Wednesday by Secretary of the State Susan Bysiewicz. [...]

A Boost for the Real Estate Market?

Recently, I’ve found myself repeating the phrase “it’s always darkest before dawn.”
Yesterday I was speaking with a town clerk. Town clerk’s offices across the state tell the tale of the boom and bust of the housing market in the state.  The clerk informed me that last year they had over 12,000 filings and this year [...]

Presumption of Death in CT

Any person who has been absent from his home and unheard of for a period of seven or more years shall be presumed to be dead……Conn.Gen. Stat. Sec. 45a-329
This statute exists to prevent property from going to waste.
So if you are going on a long vacation, make sure to email, write, or phone home every six [...]

CT Condo Law: Displaying Political Signs

Common interest communities are interesting legal creatures.
Most condo owners own both more and less than they may think (that’s another blog post for another day).
Displaying a political sign is a way for a homeowner to show support for a candidate.
Driving around my neighborhood I see signs everywhere: “Obama/Biden” “Annie Hornish” “George Colli” “John Kissel” “Matt [...]

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