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Boilerplate Clauses in Contracts: Avoiding Unintended Consequences

by Brian Huddleston | Apr 20, 2011 | Real Estate Law

Boilerplate clauses are often simply cut and pasted from one agreement to another. These ?standard? provisions conceal significant legal and business implications that can produce unwanted future results if not tailored to specific circumstances of the transaction....

Forcible Entry and Detainer Procedure – “Evictions”

by Brian Huddleston | Apr 15, 2011 | Real Estate Law

One of the most unfortunate situations faced by a landlord or tenant in a rental relationship is a forcible entry and detainer (FED) action. In Oklahoma, an FED is more commonly known as an eviction. It is important to know that there are strict laws that govern the...

Federal Income Tax Exclusion For Those With Forgiven Mortgage Debt “Income”

by Brian Huddleston | Mar 10, 2011 | Legislation & Case Notes, Real Estate Law

“I received a Form 1099-C, Cancellation of Debt from my lender, now what?” Form 1099-C: If your debt is reduced or eliminated, you will normally receive a year-end statement, Form 1099-C, Cancellation of Debt from your lender. By law, this form must show...

Does Warranty Work Performed by a Sub-Contractor Extend the Deadline to File a Lien?

by Brian Huddleston | Feb 21, 2011 | Legislation & Case Notes, Real Estate Law

Under some states’ Construction Lien Acts, a contractor must record a construction lien within 90 days after the subcontractor last furnishes?labor or material for an improvement. In Stock Building Supply, L.L.C. v. Parsley Homes of Mazuchet Harbor, L.L.C., No....

Massachusetts foreclosure decision could affect Tulsa real estate

by Brian Huddleston | Feb 21, 2011 | Legislation & Case Notes, Real Estate Law

by: GERALD L. JACKSON As housing markets struggle to rebound, a new wrinkle has been thrown into the mix by the Massachusetts Supreme Court, which voided several foreclosures because the banks involved could not demonstrate they had an interest in the mortgages at the...

Lender Liability for Wrongful Mortgage Foreclosure

by Brian Huddleston | Nov 16, 2010 | Firm News, Real Estate Law

A number of mortgage servicers are facing attorneys general (AG) investigations in multiple states, as well as a large number of borrower and guarantor lawsuits amid a ?foreclosure crisis? fueled by substantial proof of improper and unlawful practices during judicial...
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