#real-estate-law

#real-estate-law

One of the central figures was Michael Burry, a former medical doctor turned hedge fund manager who did something few others did: He read the underlying loan data. What he found wasn't hidden at all. It was right there in the documents risky subprime mortgages, teaser rates poised to reset and assumptions baked into the system. And everyone seemed perfectly comfortable ignoring the fine and alarming print.

Michael's legal career started at Cadwalader, Wickersham & Taft, the oldest law firm in the U.S. He joined their real estate finance group after graduating from Boston College Law School in 2002. The timing was important-he entered the industry just before the real estate boom of the mid-2000s. "Cadwalader was fast-paced and full of very smart people. I had to learn quickly how to manage complex deals," he recalls.

Adverse possession is a legal doctrine that allows for a person in possession of someone else's real estate to acquire a valid legal title to the property. It requires that possession is hostile, continuous, open and notorious, actual, and exclusive, and must last for a certain period defined by law.

Schein's lawsuit claims that his former partner, Shamshovich, engaged in a malicious scheme to drive his firm, Seiden & Schein, into financial ruin.

Real estate agents must not share demographic data on a neighborhood regarding protected classes and should err on the side of data rather than personal opinion.