Archives For: Industry Updates
Bankruptcy Court Finds Debtor Entitled to a “Free House” Because Mortgage Foreclosure Complaint Barred by New Jersey Statute of Limitations
In a recently released article to JD Supra Business Advisor, Duane Morris LLP discusses a recent decision by the United States Bankruptcy Court for the District of New Jersey.
22 Dec 2014
Spending Bill Bans FHA from Financing Eminent Domain Loans
On December 12, National Mortgage News released an article discussing a provision in the $1.05 trillion cromnibus appropriations bill that would ban the Federal Housing Administration from refinancing loans that have been seized through eminent domain.
12 Dec 2014
Fast Foreclosures? Not in Illinois
On December 9, Crain’s Chicago Business published an article discussing climbing foreclosure process time in the state of Illinois.
9 Dec 2014
Plans to Use Eminent Domain on Mortgages Stall, But Concerns Remain
On December 8, National Mortgage News published an article discussing the issue of muncipalities using eminent domain to seize underwater mortgages.
9 Dec 2014
San Francisco Debates Eminent Domain for Mortgages: Muni Credit
On December 7, Bloomberg published an article discussing a proposal for the city of San Francisco to use eminent domain to take over loans on property with a market value below the mortgage amount.
8 Dec 2014
North Carolina Appellate Court Discusses Service of Process by “Posting” and Due Dilligence Enabling “Posting”
On December 2, Michael C. Thelen, attorney with Womble Carlyle Sandridge & Rice, LLP posted an article to The National Law Review discussing In re Powell, No. COA14-498 (December 2, 2014).
4 Dec 2014
Foreclosure Task Force Makes Recommendations
On November 24, the Albuquerque Journal published an article discussing the New Mexico Legislature created Foreclosure Process Task Force and the recommendations listed in its recently issued final report.
26 Nov 2014
Nevada Supreme Court Maintains Foreclosures of HOA Liens May Eliminate First Priority Deeds of Trust
On November 21, InfoBytes Blog (Buckley Sander LLP) posted an article titled Nevada District Court Bars Foreclosure Sale of First Lien HUD-Insured Mortgage.
25 Nov 2014
Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank
On November 24, DS News published an article announcing the agreement of Fannie Mae to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of an effort to stabilize greater Detroit neighborhoods.
25 Nov 2014
Up to 400 Jackson Homes Could be Demolished if City Receives $10.8 Million Grant From State
On November 18, mlive.com released an article discussing the possibility of Jackson, Michigan receiving a portion of grant funds from the Michigan State Housing Development Authority targeted at eliminating blight.
21 Nov 2014