Avvo wins default $2 million judgment against alleged creators of fraudulent imitation site
ABA Journal Daily News
Goldman’s buying of default mortgages not without risk
Goldman Sachs has launched an ambitious program to buy severely delinquent or nonperforming home mortgages as one element of a $ 5.1-billion settlement it has entered into with the federal government for its role in creating and selling mortgage-backed securities in the years leading up to the financial crisis. According to a Wall Street Journal […]
PPL Plaza Falls Deeper into Default
The Plaza at PPL Center in Allentown, Pa., home to Talen Energy, could soon be headed for the commercial mortgage bond equivalent of foreclosure, a move that would open the door to new owners who could offer lower, more competitive rents. The current owner, a group called The Plaza at 835 W. Hamilton St., which […]
Bankruptcy Is Not A Borrower Antidote For Loan “Default Interest”
Defaulting on a loan typically triggers a higher interest rate – “default interest” – as one of many consequences for the borrower. The answer to that question has evolved from 1988 to the present, starting with the 9th Circuit's decision in In re Entz-White Lumber & Supply, Inc. 850 F.2d 1338, followed by the enactment […]
Curing Default in Chapter 11 Bankruptcy May Require Debtors to Pay…
The Ninth Circuit Court of Appeals recently took up the issue of a Chapter 11 Debtor's requirements to cure a loan default through its Chapter 11 plan. The result was a ruling that overturned previous law that entitled debtors to avoid certain consequences of the loan default, including higher, post-default interest rates. Foreclosure News
Fashion Square Mall under foreclosure after lender claims $42 million loan default
We collect zip code so that we may deliver news, weather, special offers and other content related to your specific geographic area. We have sent a confirmation email to {* data_emailAddress *}. Foreclosure News
Ninth Circuit Overturns Entz-White Lumber; Avoiding Default Interest…
In the case of Pacifica L 51, LLC v. New Investments, Inc. , 9th Cir. November 4, 2016, the U.S. Court of Appeals for the Ninth Circuit held that a Chapter 11 debtor could not avoid paying default interest to an over-secured creditor by retroactively curing the default under a plan of reorganization. Foreclosure News
Each Subsequent Default Restarts the Clock in Foreclosure Cases
The long-awaited decision in U.S. Bank v. Bartram was released yesterday. At issue was whether lenders and servicers could restart foreclosures after five years, or if they would be barred by Florida's five-year statute of limitations. Foreclosure News
Home default risk found
Historically soft housing appreciation gives Tasmanians the potential to be more likely to default on their loans, a financial analyst believes. Historically soft housing appreciation gives Tasmanians the potential to be more likely to default on their loans, a financial analyst believes. Foreclosure News
Loan default no justificaiton for boycott
A Scranton Times-Tribune All Access subscription gets you complete access to both our print and digital publications, delivered to your home, desktop and mobile devices 7 days a week Digital Only Subscription Read the digital SMART Edition of The Times-Tribune on your PC or mobile device, and have 24/7 access to breaking news, local sports, […]