Governor Lamont Extends State of Emergency On January 26, 2021, Governor Ned Lamont issued a letter which extends Connecticut’s state of emergency from its prior termination date of February 9 to April 20, 2021, unless earlier terminated by him. The effect of this extension is that the Governor’s Executive Order 7Q, which authorizes and sets … Read More
FHFA Extends COVID Related Loan Flexibilities
Categories: News, Real EstateFHFA Further Extends COVID-Related Loan Flexibilities FOR IMMEDIATE RELEASE 12/10/2020 Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until January 31, 2021. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set … Read More
Real Estate Report
Categories: News, Real EstateReal Estate Report What Will Happen with Real Estate? The prognosticators had promised Armageddon for the economy when the pandemic hit. Don’t get us wrong–it was plenty bad. But it was not as bad as many had predicted. The main reason for this resiliency? The real estate market. This is somewhat poetic justice because … Read More
Paycheck Protection Program Flexibility Act (PPPFA)
Categories: General, NewsPaycheck Protection Program Flexibility Act (PPPFA) Based on numerous complaints regarding the Paycheck Protection Program (PPP), Congress passed the Paycheck Protection Program Flexibility Act (PPPFA), which has now been signed into law. The PPPFA simplifies the PPP process and makes it easier for small businesses to qualify for loan forgiveness: Provides more time for business … Read More
Connecticut Judicial Branch Expands Operations
Categories: GeneralSTATE OF CONNECTICUT JUDICIAL BRANCH EXTERNAL AFFAIRS DIVISION external.affairs@jud.ct.gov 231 Capitol Avenue, Hartford, Connecticut 06106 Phone (860) 757-2270 Fax (860) 757-2215 CT JUDICIAL BRANCH CONTINUES WITH EXPANSION OF OPERATIONS June 4, 2020 Effective Monday, June 29, the Judicial Branch is targeting the resumption of limited operations in four additional courthouse locations: the Judicial District … Read More
Connecticut Conveyance Tax Rate Change
Categories: Real Estate, TaxesConnecticut Conveyance Tax Change Mansion Tax – Effective July 1, 2020 Effective July 1, 2020 the second tier of the mansion tax for residential real estate conveyances will go into effect. The Second tier is at the rate of 2.25% on the portion of such consideration in excess of $2,500,000.00. CONVEYANCE TAXES FOR RESIDENTIAL DUE … Read More
Bitcoin, Blockchain, Crytocurrency and Family Law
Categories: Divorce, GeneralThe following article is excerpted from Family Lawyer Magazine.com and was written by Doug Fredrick (BBA, JD). Bitcoin, Blockchain, Cryptocurrency, and Family Law The Birth of Bitcoin and Blockchain The Internet is a platform on which countless applications and products have been built – e-mail, social media, and online shopping, and smartphones are conduits for … Read More
Connecticut Bar Association Denounces All Acts of Hate
Categories: NewsCBA Denounces All Acts of Hate Written Monday, June 1, 2020 The Connecticut Bar Association (CBA) denounces all acts of hate, violence, and discrimination that violate constitutional rights, stifle social justice, and undermine the rule of law. The CBA stands in solidarity with all those who face hate, violence, and discrimination based on any protected … Read More
Governor Lamont Executive Order 7S – Tax Relief
Categories: General, TaxesGovernor Lamont Executive Order 7S – Tax Relief April 1, 2020. Gov. Ned Lamont has issued an order to allow tax relief for eligible taxpayers, businesses, nonprofits, and residents who have been economically affected by the COVID-19 pandemic. In Executive Order 7S, issued April 1, Lamont directed municipalities to establish two tax programs, a “Deferment … Read More
Protect Yourself from Wire Fraud
Categories: General, Real EstateProtect Yourself from Wire Fraud Every day hackers try to steal money by emailing fake wire instructions. Hackers will use a similar email address, steal a logo and/or other information to make it appear as if the email came from your real estate agent, attorney or title company. You can protect yourself and your money … Read More