Nebraska Legislative Bill 375 amends the Nebraska Real Estate License Act and the Real Property Appraiser Act to allow real estate professionals to complete a Broker’s Price Opinion and Comparative Market Analysis for the purpose of tax appeals regarding real property. Briefly, a Broker’s Price Opinion is an opinion of […]
Publications
New Legislation Establishes Mandatory Registration and Labeling Requirements for Meteorological Evaluation Towers
The Nebraska Legislature has established mandatory registration and labeling standards for meteorological evaluation towers that exceed 50 feet and are located outside city limits. Legislative Bill 469 requires the owner of a meteorological evaluation tower to register with the Department of Aeronautics (the “Department”) at least 10 days before installing […]
The Holder of a Tax Sale Certificate Controls the Method By Which a Home Owner May Redeem the Property
Once the holder of a tax sale certificate files a judicial foreclosure action, the property owner cannot redeem the property by tendering the balance due on the tax certificate to the county treasurer. There are two statutory procedures through which the holder of a tax sale certificate can convert the […]
US Supreme Court: Chapter 7 Debtors Cannot Avoid Underwater Liens
Last month, the United States Supreme Court issued its ruling in Bank of America v. Caulkett — a case deciding whether homeowners can avoid underwater second mortgages through Chapter 7 bankruptcy proceedings. The Court ultimately determined that a Chapter 7 debtor may not void a junior mortgage even when the […]
FDIC Proposes Assessment Changes for Community Banks
In another sign that the 2008 financial crisis is fading into memory, the Federal Deposit Insurance Corporation (FDIC) has proposed changes likely to reduce deposit insurance premiums for most community banks. The FDIC’s proposal would revise the factors used to determine deposit insurance assessments so that banks with less than […]