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Real Estate Law

DBD Partner Jon Young Follows Up Trial Victory with a Win in the Superior Court

DBD Partner Jon Young Follows Up Trial Victory with a Win in the Superior Court

By Inna G. Materese | Esquire

What happens when a home seller refuses to return escrowed funds in a home purchase gone wrong? Attorney Jon Young knows.

The home purchase began like most others. The buyers agreed to purchase a home from the sellers and put a deposit in escrow, pending an inspection of the property. The inspection revealed that the septic system was not appropriate and the well water to the home was not portable. This is where things went awry.

Though the buyers refused to repair the septic system or negotiate a credit for the repairs, they also refused to return the buyers' $70,000 deposit. That is, until Jon Young stepped in. Jon was able to secure a judgment at trial ordering the return of the funds to the buyers. In an October 26, 2017 decision, the Superior Court affirmed the ruling.

Congratulations to Jon and his clients!

 

Changes to Mechanics’ Lien Law of 1963 You Should Know About

Changes to Mechanics’ Lien Law of 1963 You Should Know About

By Eric Frey | Esquire

Effective January 1, 2017,  the PA Department of General Services has made changes to the PA Mechancis’ Lien Law, 49 Pa.C.S.A. § 101, et seq.  A new website known as the State Construction Notices Directory (“Directory”) has been implemented by the Department to streamline the way in which notices are given on non-residential construction projects valued at $1,500,000 or more. Pursuant to the changes owners, contractors, subcontractors and material suppliers must adhere to new filing requirements if they plan to use the Directory.

The change in the law allows an owner or the owner’s authorized contractor to file a Notice of Commencement (“NOC”) with the Directory before any work or materials are supplied to a project.  The NOC is a voluntary filing.  If such a filing is made, then contractors, subcontractors and materialmen must file a Notice of Furnishing (“NOF”) with the Directory within 45 days of beginning work or supplying materials to the project.  Failure to file the NOF may result in the subcontractor/materialman forfeiting the right to file a mechanics’ lien claim.

Access the Directory here

Millennials May Make It Harder to Sell Your Home

Millennials May Make It Harder to Sell Your Home

A recent Zillow.com report shows that millennials are less likely to be able to buy a home than previous generations at the same age.  With the younger generation less likely to have the ability to purchase a "starter home," the current owners of starter homes may not be able to sells theirs and purchase a new one. Will this recent trend make it more difficult for older families to sell their “starter home” and move up in the market?