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Sales of commercial real estate by federal court receivers

Frost Brown Todd LLC
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USA
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October 1 2012

Commercial real estate foreclosures present a number of significant challenges to lenders, special servicers and their counsel that residential foreclosures do not

Sixth Circuit avoids bank's lien interest in manufactured home

Frost Brown Todd LLC
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USA
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November 21 2011

The case of In re Dickson, 655 F.3d 585 (6th Cir. 2011) centered on the status of the debtor’s manufactured home under Kentucky law

In Kentucky, identity of borrower can be supplied in an amendment to the mortgage

Frost Brown Todd LLC
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USA
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July 4 2011

Debtors filed a voluntary petition for relief under Chapter 7

Seventh Circuit gives mortgage lender's security interest in future rental income priority over federal tax lien

Frost Brown Todd LLC
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USA
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June 6 2011

The Seventh Circuit recently decided that a mortgage that assigns future rental income to the mortgagee creates a security interest that takes priority over a federal tax lien

Prepetition lis pendens notice sufficient to prevent debtors-in-possession from avoiding equitable lien under exercise of strong-arm powers

Frost Brown Todd LLC
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USA
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April 20 2011

The United States Bankruptcy Court for the Western District of Kentucky recently found that a vendor's filing of a prepetition notice of lis pendens served to place any hypothetical judicial lien creditor, execution creditor, or purchaser of real property on notice of its equitable lien against the property for the unpaid portion of the purchase price