Real Estate Agent or Real Estate Investor?

By Bradley S, Dornish, Esquire

The old adage “If it walks like a duck and it quacks like a duck, it’s a duck” might as well be the title of this article, since most of what I am about to tell you is aptly covered by that adage. Real estate investors are often told by experts and gurus that they can engage in activities, or build whole businesses around conduct which, at least in Pennsylvania, is within the description of the practice of real estate, and requires a real estate agent’s license and affiliation of the agent with a real estate broker. Click here to read more »

Dodd-Frank 2014 Part Two: New Federal Rules for Consumer Mortgage Loan Servicing and Loss Mitigation

By Bradley S. Dornish, Esquire

In addition to the new rules for loan applications which went into effect this January, (covered in part one of this article) the Consumer Financial Protection Bureau promulgated a new set of rules governing the servicing of existing consumer mortgage loans by creditors and their mortgage servicers. Some of the changes in these rules affect all mortgage servicers, while others have exemptions for certain small servicers. Click here to read more »

Dodd-Frank 2014 Part One: New Federal Rules Affecting Consumer Mortgage Loan Applications

By Bradley S. Dornish, Esquire

The Dodd-Frank Wall Street Reform and Consumer Protection Act became law in July of 2010. However, the process of changing the consumer mortgage loan process in America dictated by Dodd-Frank is not yet complete. Two new sets of regulations promulgated by the Consumer Financial Protection Bureau went into effect on January 10th of this year. Click here to read more »

Act 93 Expands Effects of Unpaid Real Estate Taxes in PA

By Bradley S. Dornish, Esquire

In late November of 2013, a simple, four paragraph amendment to Pennsylvania’s Municipal Claim and Tax Lien Law was passed by the legislature, and signed by Governor Corbett.  This law, known as Act 93 of 2013, quietly became effective in late January 2014. The purpose of Act 93 was to help municipalities, school districts and counties in Pennsylvania collect overdue and unpaid real estate taxes more easily, without having to go through the tax sale processes available in PA. Click here to read more »

Is Pennsylvania Ready to End (Most) Property Tax for Funding Public Schools?

By Bradley S. Dornish, Esquire

At the September PROA Board meeting, the hot topic of conversation was House Bill 76, a bill sponsored by over 60 state representatives, which if it became law would replace the bulk of Pennsylvania property taxes for support of schools with sales and income tax increases on the state level. The law would also allow school districts to supplement their share of tax money from the state with earned income and net profits or personal income taxes on residents of their respective districts. Click here to read more »