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Foreclosure Scams Rampant in Florida

by Aaron Kase | Lawyers.com on 5/1/2013

A Florida man was recently sentenced to 26 years in prison for foreclosure and short sale fraud. John Lebron, 33, was convicted last week of setting up a complex scheme to buy and sell foreclosed houses, make money on each...more

SEC To Propose Cross-Border Rules For Security Swaps

by Elan Mendel | Shipkevich PLLC on 4/29/2013

U.S. regulators intend to submit a proposal next week that will outline how new rules governing over-the-counter derivatives will affect cross-border transactions....more

CMBS Special Servicer Team Leads Training on Strategies to Effectively Address Defaulting Tenant in Common Borrowers

by Baker, Donelson, Bearman, Caldwell &... on 4/19/2013

Baker Donelson's CMBS Special Servicer team recently lead a training session for one of our clients on unique issues and strategies involved with defaulted loans involving tenant in common (TIC) borrowers. We have seen...more

Are Your 401(k) Plan’s Target Date Funds On Target?

by Carol Buckmann | Osler, Hoskin & Harcourt LLP on 4/19/2013

Most 401(k) plans that have qualified default investment funds (QDIA’s) have chosen target date funds as their default investments. Target date funds change their mix of investments to become more conservative over time in...more

The fate of Argentina's debt restructuring is getting closer

by Sheppard Mullin Richter & Hampton LLP on 4/15/2013

In what the Financial Times has called “the sovereign debt restructuring case of the century,” Argentina has timely submitted its proposal as requested by the U.S. Court of Appeals for the Second Circuit, with which it is...more

Proposed Regulations May Affect Default Risk for Borrowers with Pension Plans

by Mark Jones, Matthew Ryan | Pillsbury Winthrop Shaw Pittman LLP on 4/12/2013

The Pension Benefit Guaranty Corporation (PBGC) has proposed regulatory safe harbors waiving the obligation of financially sound defined benefit pension plans and the companies that maintain them from the duty to report...more

Beware of Deed of Trust Securing Multiple Loans: Priorities May Not Be as They Appear!

by Bill Shiber | Miller Starr Regalia on 4/11/2013

In R.E. Loans LLC v. Investors Warranty of America, Inc. (2013) 212 Cal.App.4th 1432, the court of appeal decided that a subordination agreement was enforceable even though the new deed of trust (“subordinating loan”) to...more

Case note: Griffon Shipping LLC V Firodi Shipping Ltd. [2013] EWHC 593

by Philip Rymer, Charles Weller, Robert Wilkins, Michael Wood | Reed Smith on 4/11/2013

An important decision for the ship sale and purchase market has confirmed that buyers entering into a standard form Memorandum of Agreement (MOA) (on Norwegian Sale Form (NSF) 1993 terms and similar, e.g., the 2012 terms) do...more

District Court Dismisses with Prejudice Loreley CDO Lawsuit

by Orrick - Structured Finance Group on 4/9/2013

On March 28, Judge Richard Sullivan of the United States District Court for the Southern District of New York dismissed with prejudice a suit by five Loreley Financing entities against several banks and collateral managers...more

How Late Can a Default on a Foreclosure Suit Be Vacated?

by Kirk Jenkins | Sedgwick LLP on 4/8/2013

In the closing days of the March term, the Illinois Supreme Court allowed a petition for leave to appeal in Wells Fargo Bank, N.A. v. McCluskey, a decision from the Second District reversing an order refusing to vacate a...more

Refresh Your Mortgage Loan Documents with these Tech Topics

by Keith Mullen | Winstead PC on 4/3/2013

Most commercial real estate loan documents give meaning to the phrase “real estate is old as dirt.” Why? Because just as dirt doesn’t change, commercial mortgage loan documents largely ignore the impact of technology on the...more

Remedies of a Commercial Landlord

by Matthew J. Wilson | Lerners LLP on 4/2/2013

If a tenant defaults on their obligations under a commercial lease, a landlord may wish to pursue a remedy. There are two types of tenant defaults – monetary or non-monetary. The type of default will determine the landlord’s...more

Saying You’re Right Isn’t Enough: Default Notices and Freehold Leases

by April Grosse, Krishna Koul, Russell Kruger | Bennett Jones LLP on 3/28/2013

Most freehold oil and gas leases in Canada require the lessor to provide the lessee with notice of an alleged default. The lessee then has a certain amount of time to remedy the default or commence proceedings for a judicial...more

Servicemembers Civil Relief Act: Provisions Affecting Banking Institutions

by Angela Beblo, Brienne Marco | Spilman Thomas & Battle, PLLC on 3/25/2013

According to December 2012 data from the federal Bureau of Labor Statistics, the unemployment rate for Gulf War Era veterans, hovering around eight percent, remains higher than the national rate. Over the last decade, more...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

Baker Donelson Launches CMBS Special Servicing Southeast Blog

by Baker, Donelson, Bearman, Caldwell &... on 3/11/2013

The headlines tell the story of the current state of CMBS and CRE defaults here and abroad. "Watch out for CMBS Re-Defaults" trumpets Real Estate Finance Intelligence. Financial News announces "Break Time Over as CMBS Bounce...more

U.S. Court of Appeals (2nd Circuit) Orders Argentina To Submit Proposal For Alternative Payment Plan To Avoid Debt Default......

by Gabriel Matus | Sheppard Mullin Richter & Hampton LLP on 3/11/2013

On March 1, 2013, the U.S. Court of Appeals for the Second Circuit ordered Argentina to submit its proposal for the terms on which it is prepared to make payment on approximately $1.3 billion of unpaid debt obligations...more

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Foreclosure Scams Rampant in Florida

SEC To Propose Cross-Border Rules For Security Swaps

CMBS Special Servicer Team Leads Training on Strategies to Effectively Address Defaulting Tenant in Common Borrowers

Are Your 401(k) Plan’s Target Date Funds On Target?

The fate of Argentina's debt restructuring is getting closer

Proposed Regulations May Affect Default Risk for Borrowers with Pension Plans

Beware of Deed of Trust Securing Multiple Loans: Priorities May Not Be as They Appear!

Case note: Griffon Shipping LLC V Firodi Shipping Ltd. [2013] EWHC 593

District Court Dismisses with Prejudice Loreley CDO Lawsuit

How Late Can a Default on a Foreclosure Suit Be Vacated?

Refresh Your Mortgage Loan Documents with these Tech Topics

Remedies of a Commercial Landlord

Saying You’re Right Isn’t Enough: Default Notices and Freehold Leases

Servicemembers Civil Relief Act: Provisions Affecting Banking Institutions

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

Baker Donelson Launches CMBS Special Servicing Southeast Blog

U.S. Court of Appeals (2nd Circuit) Orders Argentina To Submit Proposal For Alternative Payment Plan To Avoid Debt Default......

Lessons From 2012 About California Appellate Procedure

Promises to Keep—Lender Beware: California Supreme Court Expands Parol Evidence Fraud Exception

Weekly Brief: DOJ Memo Details Justification For Killing US Citizens [Video]

Bill on Bankruptcy: Delaware to Continue Dominating Bankruptcy [Video]

Alfa v Cukurova, Part VII

Defaulted Party Still Entitled to Hearing on Attorneys’ Fees – ZHOU v. CATERPILLAR FINANCIAL SERVICES CORP.

Qualified Mortgage Rule

When Talking Divorce – No Fault and Default – Not the Same Thing

Weekly Brief: DOJ Memo Details Justification For Killing US Citizens [Video]

Bill on Bankruptcy: Delaware to Continue Dominating Bankruptcy [Video]

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