News & Analysis as of September 22, 2024

Borrowers

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Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -

Washington Supreme Court Clarifies Mandatory Mediation Program Exemption – Holders Score a Washington Victory

Bradley Arant Boult Cummings LLP on 11/4/2015

The servicer community recently scored an important victory in an opinion issued by the en banc Washington Supreme Court. The decision — Brown v. Wash. State Dep’t. of Commerce, — clarifies the scope of the small lender...more

Rhode Island General Assembly Clarifies Intent of Foreclosure Mediation Law

Partridge Snow & Hahn LLP on 8/4/2015

In what can only be perceived as a response to a recent Superior Court decision, the Rhode Island General Assembly amended the applicability of the Foreclosure Mediation Law, R.I. Gen. Laws § 34-27-3.2, for the third time in...more

Another Case of Housing Whiplash in Nevada: New Homeowner Bill of Rights and Revisions to the Foreclosure Mediation Program

Ballard Spahr LLP on 10/10/2013

Nevada’s Homeowner Bill of Rights is expected to throw another sharp curve into the state’s troubled housing market. The new law, which took effect last week, places more restrictions on the exercise of the power of sale....more

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Foreclosure › Mediation › Borrowers

Washington Supreme Court Clarifies Mandatory Mediation Program Exemption – Holders Score a Washington Victory

Rhode Island General Assembly Clarifies Intent of Foreclosure Mediation Law

Another Case of Housing Whiplash in Nevada: New Homeowner Bill of Rights and Revisions to the Foreclosure Mediation Program

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