Carmel & Carmel News Updates



More Important than Ever to Retain Experienced ILSA Counsel - Two More ILSA Decisions Strike Fear in Condominium Developers

2010-10-01

On the heels of the 111 Fulton decision passed down in August against a 163-unit New York City condominium developer, two additional cases brought under HUD’s Interstate Land Sales Full Disclosure Act (“ILSA” or “ILSFDA”) ruled upon during the past two weeks within the Southern District of New York indicate ...


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New Decisions Confirm Interstate Land Sales Full Disclosure Act’s Applicability to New York Condominiums

2010-08-25

On August 10, 2010, the Honorable Judge Daniels of the United State District Court of the Southern District of New York issued a ruling in favor of three condominium unit purchasers (“Plaintiffs”) at the 163-unit District Condominium (“Condominium”) located at 111 Fulton Street, New York, New York that should be ...


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Builders and Developers Should be Wary When Relying on HUD’s Single Family Residence Exemption

2010-08-12

In our many years of experience in advising clients on the application of the Interstate Land Sales Full Disclosure Act (“ILSA” or “ILSFDA”), we have heard a multitude of incorrect theories from developers and builders as to why they do not need to register with HUD.  For those developers and ...


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