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Results: 1-10 of 1,347

When “shall” means “shall”: Wisconsin Supreme Court requires mortgage lenders to sell abandoned properties in foreclosure

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • February 25 2015

Last week the Wisconsin Supreme Court issued its decision in Bank of New York v. Carson, 2015 WI 15, a case we previewed here. The case is

New HECM rules for surviving spouses fall short

  • Bradley Arant Boult Cummings LLP
  • -
  • USA
  • -
  • February 24 2015

The Department of Housing and Urban Development recently published Mortgagee Letter 2015-03, which provides servicers of FHA-insured Home Equity

Montana amends mortgage licensing requirements

  • BuckleySandler LLP
  • -
  • USA
  • -
  • February 21 2015

On February 17, Governor Steve Bullock of Montana signed S.B. 98 into law, which amends the Montana Mortgage Act to clarify licensing requirements

Land contracts: mortgage priority and other complications

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • February 20 2015

A Chapter 7 trustee sought to avoid a mortgage on the debtors’ property using the “strong arm” powers of a hypothetical bona fide purchaser of real

Wisconsin courts can force lenders to make prompt sales of foreclosed properties which have been abandoned by the borrowers

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • February 20 2015

In a case that "radically revises the law on mortgage foreclosure," the Wisconsin Supreme Court recently held in Bank of New York Mellon v. Carson

Bad day for NewDay: CFPB section 8 enforcement continues

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • February 19 2015

On February 10, 2015, the Consumer Financial Protection Bureau ("CFPB") added another company to its litany of alleged Real Estate Settlement

N.C. Court of Appeals addresses "offset" defense in loan deficiency claims, the ownership element of trespass

  • Womble Carlyle Sandridge & Rice LLP
  • -
  • USA
  • -
  • February 17 2015

The Court of Appeals issued a number of decisions today, while snow and ice ghosted the City of Raleigh. The Court addressed trespass to land, the

FHFA announces minimum capital and liquidity requirements for non-bank servicers

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • February 17 2015

On January 30, 2015, the Federal Housing Finance Agency (FHFA) proposed new minimum financial eligibility requirements for non-bank sellers and

Real property, financial services & title insurance update: week ending February 13, 2015

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • February 16 2015

Trial court violated purchaser’s procedural due process rights in setting aside judicial sale of property without giving notice to purchaser. Further

Illinois court rules that engineering firm that prepared and recorded plat for new subdivision is not entitled to a mechanic’s lien

  • Spencer Fane Britt & Browne LLP
  • -
  • USA
  • -
  • February 16 2015

An Illinois appellate court recently had an opportunity to decide whether an engineering firm hired to plat undeveloped land for a new subdivision was