COVID-19 has disrupted real estate deals, prompting buyers to use force majeure clauses or incorporate COVID-19 addendums to protect earnest money. These addendums can address delays, job loss, or illness, and allow flexibility in inspections and financing while also offering legal protection in a volatile housing market affected by the pandemic.
READ MOREIn the wake of COVID-19, the team at Thrift McLemore created a dedicated team to help clients virtually and via telephone to navigate the uncertainty they are facing. Experienced attorneys can quickly understand, analyze, and create an effective action plan for legal issues.
READ MOREIn response to numerous questions and concerns received by the attorneys at Thrift McLemore, the firm has created and published a Free Booklet: “How Should Real Estate Developers, Investors & Agents Respond To Coronavirus?”
READ MOREIn response to COVID-19 shutdowns, the SBA is offering Economic Injury Disaster Loans of up to $2 million to Georgia small businesses at 3.75% interest with terms up to 30 years. The loans are aimed at helping businesses stay afloat during the economic crisis caused by the pandemic.
READ MOREWhen contracts disputes arise because of unforeseen events caused by COVID-19, a party may rely on a force majeure clause or the doctrine of frustration. A force majeure clause limits damages if an event outside the control of a party prevents performance, while the doctrine of frustration excuses performance if an event radically alters the contract’s purpose.
READ MOREThe Georgia Supreme Court declared a statewide judicial emergency, suspending non-essential court functions until April 14, 2020, due to COVID-19. Essential functions, which will continue, include things such as criminal hearings, protective orders, and mental health commitment hearings. In addition, deadlines for statutes of limitations and time-sensitive proceedings are also suspended as part of the Court’s Order.
READ MOREThrift McLemore is pleased to announce that we have received the 2020 Martindale-Hubbell Platinum Client Champion Award.
READ MORENew Year’s resolutions are in full swing this year with everyone trying to lose those ten pounds or get their financial house in order. For those of us with an entrep ...
READ MOREInsurance companies often use technicalities, exclusions, and other tactics to delay, underpay, or deny homeowner claims. The Georgia Department of Insurance’s Consumer Services Division offers resources for homeowners. An attorney can also help you resolve a dispute which could result in additional penalties against the insurer if they acted in bad faith.
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