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Exoneration occurs when the conviction for a crime is reversed, either through demonstration of innocence, a flaw in the conviction, or otherwise. Attempts to exonerate individuals are particularly controversial in death penalty cases, especially where new evidence is put forth after the execution has taken place. The transitive verb, "to ...
Jemal, age 79 at the time of the pardon, was an influential Washington, D.C., real estate developer who was convicted of wire fraud in 2006 in connection with an efforts to influence a local government official to obtain profitable government leases. Jemal's leasing chief and two other employees were also convicted on varying charges.
Libby later received a full pardon from President Donald Trump in 2018. [37] Issac Robert Toussie – Brooklyn real estate developer, convicted of making false statements to the U.S. Department of Housing and Urban Development in 2001; pardoned in 2008 and the pardon revoked one day later. [38]
The doctrine of exoneration of liens (sometimes simply referred to as "doctrine of exoneration") refers to a common law rule. The rule says that encumbrances (i.e. a mortgage) of a property conveyed by a will is discharged with funds from the originating estate, not from the property itself. [1]
Attornment in commercial real estate is generally used in the context of a subordination, non-disturbance and attornment agreement (SNDA), which protects both the tenant and the lender in the event the landlord defaults on its commercial lending obligations. The lease remains in full force and effect. [citation needed]
A very real distinction exists between an expungement and a pardon. When an expungement is granted, the person whose record is expunged may, for most purposes, treat the event as if it never occurred. A pardon (also called "executive clemency") does not "erase" the event; rather, it constitutes forgiveness.
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
An exaction is a concept in US real property law where a condition for development is imposed on a parcel of land that requires the developer to mitigate anticipated negative impacts of the development. [1] The rationale for imposing the exaction is to offset the costs, defined broadly in economic terms, of the development to the municipality. [2]