News & Analysis as of September 20, 2024

Mortgages › Property Liens

+ Follow

The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

Real Estate Due Diligence - Property Liens

Whitman Legal Solutions, LLC on 12/8/2023

A Baltimore Homeowner’s Saga - Baltimore Resident and single mother Deanna Woodward paid off her mortgage 18 years ago. After that, she paid her real estate taxes. So, imagine her surprise when she recently learned that...more

Everyone Wins When a Foreclosure Sale Generates Excess Proceeds

Snell & Wilmer on 7/16/2018

When a foreclosure sale generates more money than needed to pay off the lien, the excess proceeds usually go first to creditors in the order of their priority, and second to the owner after creditors are paid in full. So, in...more

Delaware Bankruptcy Court Denies Motion to Sell Free and Clear of Senior Lien

Davis Wright Tremaine LLP on 8/5/2015

The Delaware bankruptcy court recently denied a debtors’ motion to sell real estate free and clear of a bank’s senior liens on the properties. The court rejected the debtors’ arguments that the bank could be compelled to take...more

Supreme Court Decides Bank of America v. Caulkett and Bank of America v. Toledo-Cardona

Faegre Drinker Biddle & Reath LLP on 6/2/2015

On June 1, 2015, the United States Supreme Court decided Bank of America v. Caulkett, No. 13-1421, together with Bank of America v. Toledo-Cardona, No. 14-163, holding that a debtor in a Chapter 7 bankruptcy proceeding may...more

New Changes to Pennsylvania Mechanics' Lien Law Take Effect

Cohen Seglias Pallas Greenhall & Furman PC on 9/24/2014

On July 9, 2014, Pennsylvania Governor Tom Corbett signed a bill (S.B. 145) into law that amends the Pennsylvania Mechanics’ Lien Law of 1963 (the “Lien Law”). The new law took effect on September 8, 2014 and affects...more

5 Results

View per page