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Author: Nicole Christie

The Importance of Knowing Your Buyer

July 26, 2023 Real Estate Blog

On May 8, 2023, Governor Ron DeSantis signed into law Florida Senate Bill 264, which prohibits the acquisition of certain types of Florida real estate by persons from so-called “Foreign Countries of Concern” (China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria). The types of restricted property include agricultural land,…

IRS Issues Guidance on the Impact of Mortgage Loan Forbearances on REMICs and Investment Trusts

April 22, 2020 Financing

In response to requests to provide guidance on the impact of mortgage loan forbearance programs on the tax treatment of securitization vehicles, such as real estate mortgage investment conduits (“REMICs”) and investment trusts, the IRS issued Revenue Procedure 2020-26. The IRS establishes that forbearance programs offered as COVID-19 relief will…