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Audio & Reference Manual

Subsequent Developers: Special Considerations and Potential Liabilities

Gain an understanding of the unique risks associated with acquiring existing and distressed real estate projects.

Buying existing developments, whether commercial or residential, carries added legal and financial risks not otherwise associated with ground-up development projects. These risks are further heightened when acquiring distressed property from bank foreclosure sales or under similar circumstances. Frequently, persons who acquire such developments fail to appreciate the additional due diligence and proactive measures required to successfully navigate subsequent developer liabilities or, in the case of bank REO acquisitions, how to quickly and efficiently assemble relevant property information from multiple independent sources. This topic provides subsequent owners with enhanced understanding of the unique risks associated with acquiring existing and distressed real estate projects, including both commercial and residential properties. Additionally, the content will explain the most common pitfalls of such acquisitions while simultaneously addressing how to mitigate and manage such risks to enhance overall project profitability.

Runtime: 90 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Property Conditions and Requirements

  • Existing Permits, Including Land Disturbance and Storm Water
  • Zoning and Development Conditions, Including Municipal Obligations
  • Considerations for Title Examination and Title Insurance
  • Existing Leases, Broker, Vendor and Other Agreements

Property Owner Associations (Commercial and Residential)

  • Recorded and Unrecorded Governance Documents
  • Developer Obligations, Including HOA Boards and Assessments
  • Corporate Formalities for Owner Associations
  • Successor Developer Liability and Insurance Considerations

Other Subsequent Developer Considerations

  • Special Issues for Foreclosure and REO Properties
  • Federal and State Land Sales Disclosure Filings
  • Trademarks and Domain Names
  • Expecting the Unexpected
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on January 31, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michael S. Rodgers

Michael S. Rodgers

Polsinelli PC

  • Real estate Shareholder in Polsinelliís Atlanta office
  • Represents developers, investors and lenders who participate in residential, commercial, resort and mixed-use properties throughout the United States, and has extensive experience in real estate development and community association law
  • Advises major U.S. banks with their acquisition, administration and disposition of foreclosed residential, commercial and mixed-use properties throughout the Southeastern United States, including more than 100 assets in the past 10 years
  • Served as an adjunct law professor at the University of Georgia School of Law
  • Active member of the Urban Land Institute in addition to other real estate organizations
  • J.D. degree, Emory University School of Law; B.A. degree, with honors, College of William & Mary
  • Can be contacted at 404-253-6074 or [email protected]
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401398
Published 2018
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