Tom O'Brien spoke at the 17th Annual Advanced Real Estate Seminar at Kingsmill Resort, March 1-2, 2013. He and Charlie Menges of McGuireWoods conducted a mock negotiation session to highlight issues often encountered in negotiating third party legal opinions with lender's counsel.
Commercial: Opinion Letters: Current Issues
A review of the typical issues that arise in issuing opinion letters in real estate transactions, suggested language to address lenders' concerns, recent court decisions on third-party opinion letters, and practices and procedures for your firm to manage the risk of issuing formal opinions.
Presenters: Charles L. Menges and J. Thomas O'Brien, Jr.