In a loan sale transaction, the parties will often focus their time on due diligence related to the collateral and borrower's ability to pay, as well as in negotiating the purchase price. However, a recent Connecticut Appellate Court decision highlights the need for the loan buyer to consider how it will prove the debt if […]

Citing recent Supreme Court decision, 2 lawyers sue Oregon State Bar

September 4, 2018

ABA Journal Daily News

Unclogging the Equity of Redemption Without ‘DRANO’: Recent New York…

August 3, 2018 admin

On June 19, 2018, in HH Cincinnati Textile L.P. v. Acres Capital Servicing LLC, the Supreme Court of the State of New York refused to issue a preliminary injunction to prevent the foreclosure sale of the equity interests in two borrowers under Article 9 of the Uniform Commercial Code . Foreclosure News

Recent Investment Analysts’ Ratings Updates for Great Ajax

May 16, 2018 admin

They now have a $ 15.00 price target on the stock. According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. Foreclosure News

Recent Illinois Court Decision Illustrates Pitfalls of Multiple…

February 22, 2018 admin

While Illinois mortgagees have the option of recouping delinquent mortgage loan debt through different types of lawsuits, the pursuit of this option can violate Illinois' prohibition on refiling the same cause of action. A recent decision illustrates the pitfalls of a mortgagee's numerous lawsuits filed on the same default and debt in reliance upon Illinois' […]

Recent Massachusetts Decision Highlights Importance of Using Precise Remedy Provisions in Mortgages

February 3, 2018 admin

A recent decision of the Supreme Judicial Court of Massachusetts highlights the importance of using clear and unambiguous remedy provisions in residential mortgages and deeds of trust. James B. Nutter & Co. Foreclosure News