Lenders, Loan Modifications | JD Supra Law News

New Foreclosure Rules

by Howard Ankin on 4/2/2013

The new mandatory regulations regarding foreclosures, recently developed by the Illinois Supreme Court, went into effect on Match 1st. The rules came about due to the deceptive practices that judges observed as well as the...more

Lenders Beware -- California decision may ignite next wave of lender liability litigation

by Reed Mercado | Sheppard Mullin Richter & Hampton LLP on 3/15/2013

In a recent decision from the California Court of Appeals entitled Jolley v. Chase Home Finance, LLC, the Court severely curtailed lenders’ ability to dispose of lender liability claims on summary judgment, thereby adopting a...more

Homeowners May Fight Foreclosures by Alleging That Lenders Acted in Bad Faith Concerning Loan Modification Programs

by Francis X. Riley, III, Michael Rowan | Saul Ewing LLP on 3/7/2013

In two recent decisions, the Superior Court of New Jersey, Chancery Division, Bergen County, held that homeowners may defend against foreclosure actions by asserting that lenders acted in bad faith with respect to post-notice...more

"I Knew You Were Trouble": Recent Trends in Lender Liability Litigation

by Timothy Lupinacci | Baker, Donelson, Bearman, Caldwell &... on 2/15/2013

Lender liability claims generally arise in one of following contexts: (i) claims seeking recovery of damage or "leverage" to accept discounted payoffs; (ii) counterclaims to foreclosure/receivership/guarantor actions; or...more

Update of Foreclosure Law In Georgia

by Jeff Field & Associates on 10/16/2012

A recent decision of the Georgia Court of Appeals issued July 12, 2012, provides additional protection to homeowners and others who own real property in Georgia who have a security deed and note with a lender. Foreclosure in...more

Warning! Loan Modification No Guarantee To Prevent Foreclosure

by Andrews Law, PLC on 9/7/2011

Despite the above cautions, loan modifications can be a benefit for some. If you are struggling to make the loan payments, or are nearing bankruptcy, then it is in both yours and the bank’s best interest to renegotiate the...more

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Lenders › Loan Modifications