Carmel & Carmel News Updates

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


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


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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Winter 2010 Update


Due to the downturn in the real estate market, the Interstate Land Sales Full Disclosure Act (“ILSA”) has become a big topic of conversation in places like New York, Miami, Charlotte, Atlanta and across the country as consumers have begun arming themselves with ILSA to get out of purchase agreements. ...

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