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  Real Estate - Legal News


The Supreme Court on Thursday gave homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts.

The court unanimously threw out an appeals court ruling in favor of Bank of America, which has refused to pay interest on money it collects to pay borrowers’ insurance and property tax bills. New York requires banks to pay at 2% interest on escrowed funds.

Thirteen other states have similar laws: California, Connecticut, Iowa, Maine, Maryland, Massachusetts, Minnesota, New Hampshire, Oregon, Rhode Island, Utah, Vermont and Wisconsin.

A federal judge initially ruled in favor of the borrowers, but the federal appeals court in New York granted Bank of America’s request to dismiss the suits, arguing that the federal law governing national banks does not permit such state-by-state regulation.

Justice Brett Kavanaugh wrote for the Supreme Court that the appeals court did not perform the kind of nuanced analysis required by federal law and prior Supreme Court decisions to determine if a state law must give way to a federal statute.

In particular, Kavanaugh noted that the Dodd-Frank Act, enacted after the 2008 financial crisis, made clear that not all state banking laws are pre-empted.

Jonathan Taylor, who argued the case for the homeowners, said in an email that the decision is a victory for consumers because it “vindicates Congress’ determination in Dodd-Frank to rein in the kind of aggressive preemption of state consumer-financial laws that helped lead to the financial crisis.”

Bank of America did not immediately comment on the decision.

Bando Apartments in Los Angeles, California

  Real Estate  -   POSTED: 2023/04/09 00:15

Bando Apartments - THE BORA 3170

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YOUR LIFE CITY CENTRIC

The BORA 3170 has a variety of floorplans ranging from luxury studios to two bedrooms. Each apartment offers a tranquil setting ready to be furnished in your individual style. Your home at The BORA 3170 is your sanctuary and the beautifully designed common areas are your retreat.

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The BORA 3170 has a variety of floorplans ranging from luxury studios to two bedrooms. Each apartment offers a tranquil setting ready to be furnished in your individual style.

EMBRACE REFINED LIVING IN KTOWN

The BORA 3170 is your sanctuary and the beautifully designed common areas are your retreat.

TOP LUXURY FEATURES ONLY at The BORA 3170:

- Fitness Center
- Pool & Spa
- Roof Top BBQ Grill
- Indoor Screen Golf
- Lounges/Club Room with TV Lounge
- Gated Safe Parking
- Package Tracking System
- Outdoor Living Deck
- TESLA EV Charger & Universal EV Charger

The BORA 3170 is located in Los Angeles, California in the 90006 zip code. This apartment community was built in 2023 and has 8 stories with 252 units.

The BORA 3170 | Los Angeles, CA Apartments

  Real Estate  -   POSTED: 2023/03/21 04:41

We built a brand new luxury apartment for you. One that’s built for the now and prepared for tomorrow.Live where you play, and love where you live. It’s all happening at THE BORA 3170.

At our apartments in Central Los Angeles, we are surrounded by a vast number of cultural and artistic activities that allow residents to explore all that the city has to offer. With places like the Walt Disney Concert Hall, MacArthur Park Lake, and the Hollywood Walk of Fame for the performing arts, our residents can expand their knowledge and discover all that our community has to offer.

The BORA 3170 has a variety of floorplans ranging from luxury studios to two bedrooms. Each apartment offers a tranquil setting ready to be furnished in your individual style. Your home at The BORA 3170 is your sanctuary and the beautifully designed common areas are your retreat.

We understand how personal a home is. It’s the place where you entertain, relax, and rejuvenate. That's why each residence at THE BORA 3170 is designed and built to give residents an unparalleled city-living experience. We’ve designed each luxury apartment with the best finishes.



A judge in north Mississippi has ruled that the city of Tupelo acted properly in approving plans for construction of an affordable-housing apartment complex.

Lee County Circuit Court Judge Paul Funderburk issued the ruling Thursday, the Northeast Mississippi Daily Journal reported.

In August, the Tupelo City Council voted 4-3 to approve site plans and development for the 46-unit apartment complex called Flowerdale Commons.

Several residents of nearby Cottonwood Estates subdivision, some business owners and another developer appealed the city’s decision to the circuit court.

Funderburk wrote that the Tupelo development code “unequivocally” allows apartment development within mix-use-employment districts, which the area is zoned as, without extra requirements.

The judge disagreed that apartments had to be tied to employment facilities. He ruled that since apartments are secondary use, the project meets the “purpose and intent” in the code that encourages medium-density residential housing.

It was not immediately clear whether those who challenged the city’s decision would ask the Mississippi Court of Appeals to overturn Funderburk’s ruling.

The newspaper reported that Mississippi Center for Justice filed a court brief in December, supporting the city council’s decision to approve plans for the apartment complex.

“Too many in Lee County and across Mississippi are struggling to get by and afford rent, and there is a shortage of decent and safe housing,” Paloma Wu, a Mississippi Center for Justice attorney, said in a statement. “All Mississippians deserve access to affordable housing.”


A federal judge has approved a nearly $58 million settlement in a class-action lawsuit filed in response to the deaths of dozens of veterans who contracted COVID-19 at a Massachusetts veterans home.

“It was with heavy hearts that we got to the finish line on this case,” Michael Aleo, an attorney for the plaintiffs said Tuesday, the day after the settlement was approved by a judge in U.S. District Court in Springfield.

The coronavirus outbreak at the Soldiers’ Home in Holyoke in the spring of 2020 was one of the deadliest outbreaks at a long-term care facility in the U.S.

Attorneys for the plaintiffs said 84 residents died and roughly the same number were sickened. A total of 164 plaintiffs include veterans who tested positive for the disease and survived as well as the families of those who died. Several of the veterans who survived COVID-19 have died of other causes since the lawsuit was filed, Aleo said.

“The families are thankful that we’ve been able to bring this case to a conclusion,” Aleo said. “Trying the case would have taken years.”

The original settlement amount announced in May was $56 million, but that was increased to about $58 million with the addition of three additional plaintiffs, he said.

The families of veterans who died will receive a minimum of $400,000 each, while veterans who contracted the disease and survived will receive a minimum of $10,000 under the settlement’s terms.

Aleo expects the settlement to be disbursed within four to eight weeks.

The defendants in the case were four former leaders at the state-run home and the Secretary of Health and Human Services, the state agency that oversees the facility. With the approval of the settlement, which is being paid by the state, claims against all five were dropped.

An investigation by a former federal prosecutor hired by Gov. Charlie Baker found that management at the home made several “utterly baffling” decisions that allowed the virus to spread almost unchecked.


A federal judge is refusing landlords’ request to put the Biden administration’s new eviction moratorium on hold, though she made clear she thinks it’s illegal.

U.S. District Judge Dabney Friedrich on Friday said her “hands are tied” by an appellate ruling the last time courts considered the evictions moratorium in the spring.

Alabama landlords who are challenging the moratorium are likely to appeal.

Friedrich wrote that the new temporary ban on evictions the Centers for Disease Control and Prevention imposed last week is substantially similar to the version she ruled was illegal in May. At the time, Freidrich put her ruling on hold to allow the administration to appeal.

This time, she said, she is bound to follow a ruling from the appeals court that sits above her, the U.S. Court of Appeals for the District of Columbia Circuit.

If the D.C. Circuit doesn’t give the landlords what they want, they are expected to seek Supreme Court involvement.

In late June, the high court refused by a 5-4 vote to allow evictions to resume. Justice Brett Kavanaugh, part of the slim majority, said he agreed with Friedrich, but was voting to keep the moratorium in place because it was set to expire at the end of July.

Kavanaugh said then that he would reject any additional extension without clear authorization from Congress, which has not been able to take action.

In discussing the new moratorium last week, President Joe Biden acknowledged there were questions about its legality, but said a court fight over the new CDC order would buy time for the distribution of some of the $45 billion in rental assistance that has been approved but not yet used.

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