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Results: 1-10 of 28

New York federal court upholds jurisdiction over foreclosure of securitized commercial mortgage

  • Bryan Cave LLP
  • -
  • USA
  • -
  • May 23 2012

Given the historically high volume of both residential and commercial foreclosures, lenders in those states that utilize a judicial foreclosure process have often found themselves faced with significant delays

When non-recourse isn’t really non-recourse at all: the Cherryland decision full recourse enforcement of a non-recourse loan

  • Lowenstein Sandler LLP
  • -
  • USA
  • -
  • July 2 2012

The Michigan Court of Appeals recently decided a case that has garnered the attention of lenders, real estate owners, and developers nationwide

Investor files suit against Nationstar over mortgage auctions

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 11 2013

On March 7, KIRP, LLC sued Texas-based mortgage servicer Nationstar Mortgage LLC in the Supreme Court of the State of New York in connection with

Washington state court strikes jury demands in RMBS case

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 11 2013

On March 7, Judge Laura Inveen of the King County Superior Court in Washington State granted the motion to strike jury demands filed by defendants in

Investment in “tenancy in common” interests provided basis for securities violations

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 18 2009

The U.S. District Court for the District of Oregon granted summary judgment to the Securities and Exchange Commission in a securities fraud case involving a large-scale real estate securitization and management business

Certificate holder's bid to intervene in stuy-town foreclosure shot down

  • Lowenstein Sandler LLP
  • -
  • USA
  • -
  • July 6 2010

Judge Alvin Hellerstein of the US District Court for the Southern District of New York has shot down an investor's bid to intervene in a special servicer's foreclosure proceedings over New York's Stuyvesant Town and Peter Cooper Village housing complexes in order to protect its investment of approximately $750 million in securities backing a $3 billion mortgage taken down to finance the acquisition of the lower Manhattanbased assets

Massachusetts' highest court invalidates residential foreclosures on a technical basis

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • January 13 2011

A recent opinion by the Massachusetts Supreme Judicial Court, although seemly very fact-driven, raises great uncertainty as to other foreclosures in that Commonwealth and, perhaps, elsewhere in the country

Court invalidates foreclosures based on ineffective mortgage assignments

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 11 2011

A recent court decision held that a foreclosure in Massachusetts that a clear chain of title must be established to show that the party foreclosing is the valid holder of the mortgage. Although the decision is binding only in Massachusetts, the case illustrates the importance for lenders and securitisation trustees of understanding state foreclosure laws and hold all relevant documents before entering foreclosure proceedings

Allstate sues Merrill Lynch and Credit Suisse for fraud

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 7 2011

On February 28, 2011, Allstate Insurance, represented by Quinn Emanuel, filed complaints against Merrill Lynch and Credit Suisse affiliated entities in New York state court in connection with Allstate's purchase of RMBS from those entities

Los Angeles targets trustee to clean-up housing mess

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 28 2011

The People of the State of California and The City of Los Angeles are seeking to hold Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, as trustee under hundreds of mortgaged-backed securitizations, liable for reparations on thousand of homes in the LA County area