Archives For: Industry Updates
Irondequoit Must Turn Over “Zombie” Home Records, Judge Rules
The Democrat & Chronicle released an article discussing a New York State Supreme Court ruling involving a Freedom of Information Law request made by the publication in regard to the town of Irondequoit’s vacant home records.
22 Jul 2016
Petrarca Measure to Help Land Banks Rehabilitate Blighted Properties Passes
The office of Pennsylvania State Representative Joseph Petrarca issued a news release announcing the passage of HB 1198, a bill that would exempt land banks from the state realty transfer tax.
13 Jul 2016
Menendez Announces Legislation to Address NJ?s Worst-in-the-Nation Foreclosure Crisis
U.S. Senator Bob Menendez (D-NJ) has officially introduced the “Preventing Abandoned Foreclosures and Preserving Communities Act of 2016” (S.3146). The bill has been referred to the Committee on Banking, Housing and Urban Affairs.
12 Jul 2016
Connecticut a Gentler Place to be Evicted
The Hour published an article discussing legislation that provides possession storage for evicted tenants in Connecticut.
8 Jul 2016
Land Banking Legislation Introduced in New Jersey
NJ S2373, a bill that aims to permit municipal land banking in conjunction with an online property database, has been introduced in the Senate and referred to the Senate Community and Urban Affairs Committee.
5 Jul 2016
Servicers Must Get Current on Flood Insurance Requirements
National Mortgage News published an article exploring Minimum Flood Insurance Requirements (MFIR).
1 Jul 2016
Here?s One Way to Fight Zombie Properties
The New York Law Journal published an article authored by Bruce J. Berkman, a partner with Berkman, Henoch, Peterson & Fenchel. In it, Berkman discusses a recently passed law in Hempstead Town, NY (Ordinance No. 46-2016) that requires servicers to provide a financial security deposit to maintain vacant and abandoned properties that are in the process of foreclosure.
29 Jun 2016
Death of Defendant During Pendency of Connecticut Foreclosure Action ? Appellate Case Update
The National Law Review published an article authored by Andrew Barsom of Murtha Cullina LLP. In it, Barsom discusses a recent action from the Connecticut Appellate Court in regard to the topic of whether or not a lender foreclosing a mortgage in Connecticut must comply with the statutory process to make the administrator of the decedent a party to the action to ensure a proper judgment of foreclosure enter.
14 Jun 2016
Congress to Consider Changes to Controversial CFPB Complaint Database
HousingWire published an article discussing the CFPB Data Accountability Act, which was recently introduced into the House of Representatives.
13 Jun 2016
Foreclosure Firm Cleared of FHA Loan Deficiency Liability by Federal Court
A recent article authored by Joel E. Tasca and Jenny N. Perkins of Ballard Spahr LLP addressed an action by an Illinois federal district court pertaining to the issue of a deficiency on a Federal Housing Authority (FHA) insured loan.
9 Jun 2016