Archives For: Industry Updates
Fallout from Home Mortgage Crisis: Lender Claims Property Appraisers Are Liable for Lost Collateral Value
The National Law Review published an article authored by Vincent E. Gentile of Drinker Biddle & Reath LLP. The article explores a series of nine lawsuits filed by a trustee against appraisers whose appraisals were the basis for mortgage loans.
9 Feb 2017
Acceleration Clauses in Foreclosure Actions: New Rules
The New York Law Journal released an article authored by Adam Leitman Bailey and Adam M. Swanson of Adam Leitman Bailey, P.C. The article discusses some of the benefits and pitfalls when using an acceleration clause in a mortgage foreclosure action.
7 Feb 2017
Appeals Court Reverses Self in Real Estate Case That Spawned Eight Amicus Briefs
The Daily Business Review (DBR) released an article discussing a recent decision by the State of Florida’s Fourth District Court of Appeal regarding the state’s lis pendens statute and its effect on liens recorded against properties being foreclosed upon.
6 Feb 2017
Breaking Down Blight
DS News published an article authored by Community Blight Solutions Founder and Chairman Robert Klein. In it, Klein discusses the use of polycarbonate clearboarding as a primary tool to secure vacant and abandoned properties in 2017.
6 Feb 2017
Junior Lienholders and Banks Need to Take Care to Timely File Claims for Surplus Funds
Dean Mead Attorneys at Law published an article authored by Attorney Joel C. Zwemer. The article reviews a recent decision by the Florida Fifth District Court of Appeals that addresses surplus funds from a foreclosure sale that may be used to pay junior liens and mortgage claims if a claim is submitted by the junior lienholder or mortgage holder within the time prescribed by statute.
6 Feb 2017
Mass. SJC Holds Omission of Post-Foreclosure Notice Did Not Void Foreclosure
The Consumer Financial Services Blog published a post by Maurice Wutscher Attorney Brady Hermann that discusses a recent Massachusetts Supreme Judicial Court affirmation of a lower court’s ruling.
6 Feb 2017
What’s So Special About a Foreclosure Special Proceeding?
Ward & Smith, P.A. published an article by Attorney Lance P. Martin that explores a recent North Carolina Supreme Court decision.
1 Feb 2017
Connecticut Looks to Address Crumbling Foundations
Numerous bills have been introduced in the Connecticut Legislature that focus on deteriorating concrete foundations and the contributing factor of a mineral known as pyrrhotite.
31 Jan 2017
First Responders Getting Past the Plywood
DS News published an article discussing the downside of using plywood to secure windows and doors on vacant and abandoned properties.
31 Jan 2017
New York Proposes Foreclosure Action Law
S3640 has been introduced in the New York State Senate and was referred to the Housing, Construction and Community Development Committee. The bill would require a plaintiff in a mortgage foreclosure action to maintain the subject property in good faith.
25 Jan 2017