1835, Market Street, Philadelphia, Pennsylvania, 19103, United States.
With increased interest rates, tighter credit standards, higher capitalization rates, a looming recession, work from home, continued expansion of web shopping and other factors, real estate values have been challenging across virtually all asset classes. In addition, many properties recently traded at prices that were priced for perfection and they are facing assessment challenges from School Districts across Pennsylvania. This course will address filing challenges against real estate assessments in Pennsylvania and defending School District appeals where property values have declined.
Where property values have declined below the principal of mortgage and mezzanine loans, lenders and borrowers in Pennsylvania face having their losses compounded by realty transfer taxes. The course will also review the applicability of Pennsylvania and Philadelphia realty transfer tax rules (they differ in some significant ways) to deeds in lieu, mortgage foreclosures, entity acquisitions by mezzanine lenders and rescue capital investments.
Klehr Harrison Harvey Branzburg LLC has a cross-disciplinary team of specialists dedicated to helping clients navigate the shoals of distressed real estate. The team consists of restructuring, finance, real estate, litigation and tax lawyers that are leaders in their fields with deep experience with respect to the issues relating to distressed real estate.
This complimentary program will qualify for 1 hour of PA CLE substantive credit.*
Monday, July 17, 2023
12:00 – 1:00 p.m.
On the registration page you will be asked to indicate whether you wish to attend in-person or online, but please note that in-person capacity is limited. If you select in-person attendance but capacity has been reached, you will be notified so that you may plan to attend online. All registrants will receive a Zoom link to attend online in case circumstances change. If you register to attend in person but need to change to online attendance later, please email firstname.lastname@example.org so that we may update our records.
*In order to qualify for CLE credit, you must attend at least 50 minutes of the presentation. Verification codes will be provided to confirm participation. You will be required to note the codes and provide them on the survey following the CLE.