News & Analysis as of

Lenders Mediation

Bankruptcy and Creditors' Rights News: Distressed Assets in Connecticut: What to Know Before Jumping In

by Murtha Cullina on

There are many benefits for out of state lenders or investors looking to engage in business in Connecticut, one of the wealthiest (per capita) states in the United States of America. For example, Connecticut has relatively...more

Locke Lord QuickStudy: Rhode Island Superior Court Decision Impacting Servicers

by Locke Lord LLP on

A Rhode Island superior court recently ruled that, pursuant to R.I. Gen. Laws § 34-27-3.2, foreclosing lenders are required to send mediation notices in any foreclosure initiated after the effective date (October 2014)...more

St. Louis County Ordinance Requiring Pre-Foreclosure Mediation Unconstitutional, Missouri Supreme Court Holds

by Ballard Spahr LLP on

The Missouri Supreme Court recently ruled that a St. Louis County ordinance requiring lenders to mediate with borrowers prior to foreclosure was void ab initio because it was not directed to a matter of purely municipal...more

Foreclosure Avoidance Mediation Program is Expanding to Include Judicial Foreclosures

by Lane Powell PC on

On June 4, 2013, Oregon Governor John Kitzhaber signed into law Senate Bill 558, which expands the Foreclosure Mediation Program created in 2012 to include judicial foreclosures. The original program applied only to...more

Lawmakers Seeking to Make New Jersey’s Foreclosure Mediation Program Permanent

by Daniel Brecher on

Lawmakers Seeking to Make New Jersey’s Foreclosure Mediation Program Permanent by Dan Brecher on November 7, 2012 The New Jersey Legislature is currently considering a bill that would codify the New Jersey’s Foreclosure...more

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