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Foreclosure defense limits clarified

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • February 13 2013

Trial judges in New Jersey are doing a much better job of late reducing the foreclosure back log in part by aggressively disposing of baseless

Standing to commence foreclosure

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • February 6 2013

For mortgage loans that have been bundled into mortgaged backed securities and other collateralized debt obligations ("collectively, "CDO's"), the

New Jersey Courts continue to support unsuspecting mortgage lenders

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • January 24 2013

Mortgage priority lawsuits continue to attract the attention of the New Jersey courts. In that context, the theory of equitable subrogation continues

Too little, too late

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • September 19 2012

The New Jersey Appellate Division has disallowed a claim, raised by a foreclosure defendant for the first time on appeal, that the plaintiff lacked standing because it did not possess the note showing the repayment obligation when it filed its complaint

A pleasant surprise for loan companies --- mortgage loan officers found to be exempt from overtime

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • March 21 2011

On March 17, 2011, a Michigan jury returned a verdict in favor of loan company, Quicken Loans Inc. in a class action lawsuit alleging that Quicken had failed to pay them overtime under the Fair Labor Standards Act (“FLSA”