Law Practice
Nov. 1, 2011
Visa bill could mean legal work
A bill proposed this month by a pair of U.S. senators seeking to breathe new life into the sagging housing market by granting residence visas to foreigners who buy American homes could create more work for lawyers.
Daily Journal Staff Writer
In California, lawyers rarely get involved in single-family home sales transactions. That could change if a bipartisan bill proposed this month by a pair of U.S. senators succeeds.
The legislation by Sens. Charles Schumer, D-N.Y., and Mike Lee, R-Utah, geared at breathing new life into the sagging U.S. housing market, would grant residence visas to foreigners who spend at least $500,000 on Amer...
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