Estate

Unforeseen Consequences: A Look at Prop. 19 and Other Laws Shaking Up California Real Estate

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Riverside, California – As we reflect on the year 2023, it is clear that it was a year of significant legislative changes. From the implementation of Proposition 19 to the introduction of the Uniform Partition of Real Property Act and the enactment of the Corporate Transparency Act, there was no shortage of legal developments to keep individuals and businesses on their toes. Proposition 19, also known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act,” took effect in part in February and fully in April 2021. While … Read more

Soho Real Estate Investor Allegedly Beats and Strangles Model Fiancée After Spurned Advances: Lawsuit

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New York City – A model from Soho has filed a lawsuit against her real estate investor fiancé, accusing him of assaulting and strangling her when she rejected his advances. In the lawsuit, Marissa Liu alleged that Jon Yi, a 6-foot, 180-pound man, attacked her while she was sleeping in their home. Liu claimed that Yi sexually assaulted her, beat her, smashed her head into the floor, put her in a headlock, strangled her, and restrained her arm. Following the incident, Yi allegedly locked Liu out of their home. According to Liu, this was not … Read more

Revamped California ADU Laws and Low Mortgage Rates Spark Real Estate Market Boom

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San Diego, California – New laws regarding Accessory Dwelling Units (ADUs) in California are set to impact the state’s real estate market. These laws, along with fluctuating mortgage rates, are expected to bring significant changes to the housing landscape. The recent amendments to ADU regulations aim to address the critical issue of affordable housing in the state. ADUs, also known as granny flats or in-law units, are secondary units built on residential properties. With the new laws, homeowners will have greater flexibility in constructing ADUs on their properties. These changes include relaxation of parking requirements, … Read more

Uncovering a Real Estate Scandal: Jury Holds Realtors Accountable, Awards Record $1.78 Billion in Damages

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A jury in Manhattan, New York has found realtors liable for inflating commissions and has awarded $1.78 billion in damages. The decision came after a lengthy trial that assessed the actions of real estate brokers who allegedly conspired to fix prices and artificially inflate commissions in the housing market. The trial revealed evidence of widespread collusion among realtors, leading to higher costs for home buyers and sellers. The jury concluded that the real estate brokers violated antitrust laws and engaged in a scheme to manipulate the market for their own financial gain. The case initially … Read more