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Underwater Homeowners Lenders

Bilzin Sumberg

Editorial: How Fair Is The Florida Fair Foreclosure Act?

Bilzin Sumberg on

The purpose for the Florida Fair Foreclosure Act, which became effective in July, was to speed up the residential and commercial foreclosure process in Florida, where a foreclosure could take more than two years from start to...more

Ballard Spahr LLP

Mortgage Banking Industry Fights Use of Eminent Domain To Seize Underwater Mortgage Loans

Ballard Spahr LLP on

In the aftermath of the foreclosure crisis, a number of local governments are weighing whether to use the power of eminent domain to assist homeowners struggling with underwater mortgages held by lenders who have issued...more

Nossaman LLP

Lenders React to Richmond's Plan to Condemn Mortgages by Filing Suit

Nossaman LLP on

We all knew this was coming (see my post from July 23). If you poke a sleeping giant, it's going to file a lawsuit against you in federal court. Yesterday, in response to the City of Richmond's preliminary actions to...more

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