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Ohio Amends the Good Funds Law Effective on September 29, 2017

USA - August 4 2017 The Good Funds Law went into effect on April 6, 2017 amending Section 1349.21 of the Ohio Revised Code to require stricter controls for all…

The Ohio Legislature Creates an Alternative to the Judicial Foreclosure Process for Certain Owners of Residential Property

USA - February 13 2017 The D.O.L.L.A.R. Deed Program for Ohio (the “Program”) was created following the passage of Substitute House Bill 303, and went into effect on…

Ohio Revised Code §1301.401 - A Powerful Tool for Lenders with a Defective Mortgage

USA - March 7 2016 For years, it was generally accepted that mortgage creditors and bankruptcy trustees could assert the status of a bona fide purchaser and treat a…

Walter Reynolds

Recent decision limits utilization of non-consenting secured creditor's cash collateral

USA - February 28 2011 The ability of a single asset real estate debtor in a bankruptcy case to utilize a non-consenting secured creditor's cash collateral has been limited by a recent decision from the Bankruptcy Appellate Panel of the Sixth Circuit in In re Buttermilk Towne Center, LLC, 2010 FED App. 0010P (B.A.P. 6th Cir. 2010).