Didn’t get it in writing? There may still be a way, says author of ‘Litigating Constructive Trusts’
ABA Journal Daily News
Citing potential fraud and mismanagement, Justice Department scrutinizes asbestos trusts
ABA Journal Daily News
Maryland Court Clarifies Rules for Foreign Statutory Trusts in Foreclosure Proceedings
The Maryland Court of Appeals' decision in Blackstone v. Sharma provides much-needed clarity to mortgage debt owners. Foreclosure News
Maryland Collection Agency License Not Required for Foreign Statutory Trusts
The Court of Appeals of Maryland recently held, in an appeal involving four consolidated cases, that foreign statutory trusts that own delinquent mortgage loans are not required to obtain a collection agency license under the Maryland Collection Agency Licensing Act before substitute trustees can institute foreclosure actions against defaulting borrowers. In each case on appeal, […]
Lawyer who used nonlawyers to sell living trusts is suspended in New Jersey
ABA Journal Daily News
Jim Flynn: Settlement targets student loan trusts
After the meltdown of the subprime mortgage market and resulting Great Recession came an epidemic of foreclosures. Creditors initiating these foreclosures – mostly investment trusts owning pools of mortgages – often couldn't prove ownership of the loans in question, the amounts owed or both. Foreclosure News
Civil Practice a ” Interpleader – ” Trusts & Estates – ” Payable on Death IRA – ” Decedent’s Debt
UBS Financial Services, Inc. v. Banco Popular de Puerto Rico 6:17-cv-00607; D.S.C. Holding: Where the defendant-bank says a portion of a decedent's IRA is necessary to pay a mortgage foreclosure deficiency, but where the IRA was payable on death to the defendant-widow, the court finds it … You may have reached this page due to […]
Trusts aren’t a surefire way of making your HOA property judgment-proof
The key to any kind of asset protection planning is that it must take place well before the need to be protected arises. The key to any kind of asset protection planning is that it must take place well before the need to be protected arises. Foreclosure News
How Community Land Trusts Can Fix Detroit’s Foreclosure Mess
Shavone Travick's house means everything to her. The rooms are full of memories: the night when her daughter dressed up for high school prom, the good times when she cooked smothered pork chops for the family. Foreclosure News