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Title Updates
an FNF Title International Newsletter covering Three Continents
Now with over 5,000 subscribers around the globe interested in Real Estate News. |
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For international title insurance inquiries or to contribute to this newsletter contact: | |
Jason Gordon, President
FNF Title International
Email: jgordon@fnf.com
Phone: 212-710-5500 |
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Managing the Legal Issues of Distressed Properties in California
Ted Kimball, Esq.
Kimball, Tirey & St. John LLP
Many of our clients have purchased a single family home through a foreclosure sale. When they do, they are often required to allow the current tenants, if bona fide, to remain in possession throughout the remainder of their lease term. A tenant is bona fide if their lease was negotiated at arms-length and with a fair and reasonable term and rental rate. A tenant who is bona fide raises a variety of issues and unique challenges not often found in managing multifamily housing.
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New York: Most Active Hotel Transactions Market Globally
Jones LaSalle
Jones Lang LaSalle's Hotel Intelligence New York provides an analysis of the world's most liquid hotel investment market. Transaction volume totaled $2.7 billion in 2012 and is expected to be approximately $2.3 billion in 2013. Hotel fundamentals remain strong; however, RevPAR growth will be kept in check due to 3,200 additional rooms slated to enter the market in 2013. Even considering this new supply, the diversification of lodging demand and the market's high occupancy rates will remain among the driving forces behind investors' strong continued interest in Manhattan.
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Survey: European RE Investors Regain Confidence
I&P Real Estate
EUROPE - Real estate investors in Europe are slowly regaining confidence and plan to increase investment in 2013, but a desire for healthy returns could be reined in by shrinking credit markets, according to a survey.
Union Investment's latest property investment climate study shows a clear upward trend in confidence for Germany, France and the UK for the first time since 2010, with Ireland surprisingly emerging on investors' radar.
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PIMCO Sees Opportunity in European Commercial Property
By Sam Forgione
(Reuters) - The head of PIMCO's mortgage credit portfolio management team said the firm is targeting direct commercial real estate investments and non-securitized loans, which carry greater risk but higher return potential.
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KKR Said to Debut Real Estate Fund with 500 Million
Bloomberg
Ralph Rosenberg, a former partner at Goldman Sachs Group Inc., joined KKR as head of real estate in 2011. In an interview in November, he said KKR plans to invest in Europe and was bidding on deals in London that would finance construction of rental.
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Mexico's New National Tourism Policy
By Mario Piana Y.
López Velarde, Heftye y Soria, S.C.
As promised in his presidential campaign, on February 13, 2013, the President of Mexico, Enrique Peña Nieto, officially announced the new National Tourism Policy, which determines the federal strategy on tourism matters. President Peña has reiterated that development of the tourism industry will be one of the priorities of his administration.
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PREI Combines Industrial Funds; Launches Publicly-Traded Fibra in Mexico
Fort Mills Times
MEXICO CITY --
Prudential Real Estate Investors-sponsored Terrafina (BMV: TERRA13), has raised MXP8.3 billion (US$665 million) in its initial public offering, PREI® announced today. Terrafina is a Mexican real estate investment trust known as a fideicomiso de bienes raíces, or Fibra. PREI is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE:PRU).
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Brazil: Sao Paulo Court Amends Guidelines on Acquisition of Rural Property by Foreigners
Eduardo Tristao
TKS Advogados
Rural property acquisition by foreigners in Brazil is regulated by Law 5.709/71, which applies equally to:
- foreigners who are resident in Brazil; and
- foreign legal entities that are authorised to operate in Brazil.
According to the law, the acquisition of rural properties by foreigners in general is subject to prior approval from the National Institute of Agrarian Reform and Colonisation. The law also governs the acquisition of rural real estate by Brazilian legal entities controlled by foreign individuals or legal entities headquartered abroad. Brazilian companies controlled by foreign individuals (or by legal entities headquartered abroad) and foreign companies are both subject to restrictions on the acquisition of rural properties under the law.
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Growth of International Pension Plans Continues Apace
I&P Real Estate
GLOBAL - The growth of international pension plans (IPPs) continues apace, according to a study by Towers Watson. A survey by the consultancy found that multinational companies set up 33 new IPPs in 2012, increasing 2011's total of 370 to 403.
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Access. Solutions. Experience.
Luxury Mortgage Corp®
- Since 1996, providing access to the widest range of mortgage products at the most competitive rates
- Strong mortgage banking business model with multiple product lines and superior service
- Large enough to offer the most competitive rates in the industry
- Small enough to make sure each client receives the individualized attention they deserve
- Customized product solutions to effectively address client's specific needs
- Industry leading, expert level mortgage bankers with a sophisticated approach toward loan structuring and creating a memorable client experience
- Experience to efficiently navigate through the maze of complexities associated with the mortgage process
- Unrivaled level of communication and transparency throughout the process with the objective of creating lifelong client relationships
Contact our Client Services Team at
888-448-2267 Clientservices@luxurymortgage.com
Visit us on the web www.luxurymortgage.com®
NMLS Entity # 2745. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act, Colorado Mortgage Company Registration-203.327.6000-Check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm, CT Licensed Mortgage Lender, FL Licensed Mortgage Lender, Georgia Residential Mortgage Licensee # 23006-Four Landmark Square, Suite 300, Stamford, CT 06901, Illinois Residential Mortgage Licensee # 6615 by the Illinois Department of Financial and Professional Regulation, Division of Banking, 122 South Michigan Avenue, Suite 1900, Chicago, Illinois 60603, (312) 793-3000, Maryland Mortgage Lender, Licensed by the New Hampshire Banking Department-#10099MB, Massachusetts Licensed Mortgage Lender/Broker, License #MC2745, Licensed Residential Mortgage Lender -New Jersey Department of Banking & Insurance, New Mexico Mortgage Loan Company License No. 03841, Licensed Mortgage Banker- New York State Department of Financial Services-122 East 42nd Street, Suite 4900 New York, NY 10168, North Carolina Mortgage Lender License # L-104218, Licensed by the Pennsylvania Department of Banking-Mortgage Lender License #27662, Rhode Island Licensed Lender #20031560LL/Broker #20092580LB, South Carolina BFI Mortgage Lender/Servicer, Texas Mortgage Banker Registration-Four Landmark Square, Suite 300, Stamford, CT 06901, Washington Consumer License # CL-2745.
Luxury Mortgage Corp®, luxurymortgage.com® and Luxury Mortgage® are registered service marks of
Luxury Mortgage Corp. All Rights Reserved.
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About Us
FNF Title International is a subsidiary of Fidelity National Financial (New York Stock Exchange Symbol:FNF), and provides title insurance and indemnity for FNF's international customers. With an investment portfolio and reserve for claim losses unrivalled globally in our industry, the FNF group provides financial comfort and stability by mitigating title and mortgage finance risk for the world's leading financial institutions and corporate end-users. For over 160 years customers have relied on FNF companies to provide exceptional risk mitigation through title insurance and indemnity products.
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FNF Title International
485 Lexington Avenue
18th Floor
New York, New York 10017
212-710-5500 | |
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