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Florida Attorney General Announces Plan to Distribute $300,000,000 in Foreclosure Settlement Proceeds: News Release of the Week

A few weeks ago, we discussed the fight between Florida Attorney General Pam Bondi and the Florida Legislature over $334,000,000 that came to Florida as part of its settlement deal with the five Big Banks in the national...more

Special Alert: California Legislature Approves Key Parts of State’s “Homeowner Bill of Rights”

On July 2, the California State Legislature passed AB 278 and SB 900 (“the Bills”), two substantively identical pieces of legislation that implement significant portions of the “Homeowner Bill of Rights” initiative announced...more

Cherryland and Peaches: State Politicians' Efforts to Protect Bad Boys Garner Mixed Results

A few weeks ago Crunched Credit previewed a (now enacted) bit of Michigan legislation entitled the “Nonrecourse Mortgage Loan Act”, which, in fewer than 800 words, seeks to ringfence recourse guarantors’ assets from attack in...more

Stormchaser Legislation and Mechanic’s Liens

April 17 marks the end of legislators’ per diem, but session will continue beyond that date as budget and property tax negotiations continue. Progress has been made however, with most budget bills being assigned to conference...more

Proposed Constitutional Amendment on Eminent Domain: Cons and Pros

The proposed eminent domain constitutional amendment is pending at the 2012 Virginia General Assembly.  See 2012′s bills on the amendment, HJ 3 and SJ 3.  If these...more

Florida Foreclosure Process Moving Out of the Courts If Governor Scott's Plan Okayed by Florida Legislature: Misses the Bigger...

Right now, the State of Florida is one of many states requiring lenders seeking to foreclose on a property for nonpayment of a mortgage note to do so via a formal legal process. A lawsuit must be filed. An official order...more

Six Years of Separation: Life After Kelo

It has been just over six years since the United States Supreme Court issued its landmark takings ruling in Kelo v. City of New London. The court's widely publicized and mostly criticized ruling found that the City of New...more

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