LIEB BLOG

Legal Analysts

Monday, February 27, 2012

Technology in your Toilet

The Gates Foundation is challenging engineers to reinvent the toilet into a more efficient, effective model with the following specifications:


"A stand-alone unit without piped-in water, a sewer connection, or outside electricity—all for less than 5 cents a day."

To read more about the future of flushing, click here.

131.8 Million Homes in Diagram Form

Goldman Sachs offers a great chart breaking down America's 131.8 Million Homes into categories of occupied (listed / unlisted) or vacant (listed, season / recreational properties not listed, for rent, sold unoccupied, or held off market).

To view the diagram, click here.

Court of Appeals says both Federal & State can Regulate Appraisal Practices

In People ex rel Cuomo v. First American Corp, the Court of Appeals denies the argument that NY can't regulate appraisals and instead says, while ruling on alleged fraud and violation of real estate appraisal independence rules concerning the issuance of mortgages, that both Federal and State authorities may ensure that real estate appraisal reports comport with the Uniform Standards of Professional Appraisal Practice (USPAP).

The implication of this ruling is that appraisers should be mindful of increasing oversight by both Federal and State authorities. More so, Appraisers should be knowledgeable of the USPAP and continually review its interpretations and amendments. To review the USPAP, click here.