REAL PROPERTY UPDATE -
Coequal Liens: trial court properly authorized tax collector to issue tax certificates subject to community development district’s assessment liens – Villages of Avignon Community Dev. Dist. v....more
3/21/2017
/ Article III ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Duty to Defend ,
Ejectment ,
First American Title Insurance Co. ,
Foreclosure ,
Homestead Exemption ,
Insurance Industry ,
Liens ,
Lis Pendens ,
Mortgages ,
Real Estate Market ,
Res Judicata ,
Standing ,
Statute of Limitations ,
Summary Judgment ,
Title Insurance ,
US Bank National Association
Foreclosure: foreclosing bank’s allegation that borrowers were in a continuing state of default sufficient to satisfy five-year statute of limitations even though stated initial default date was more than five years prior to...more
3/7/2017
/ Appeals ,
Attorney's Fees ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Damages ,
Equitable Subrogation ,
Foreclosure ,
Insurance Industry ,
Mortgages ,
Motion to Vacate ,
Real Estate Market ,
Statute of Limitations ,
Summary Judgment ,
SunTrust ,
Title Insurance
REAL PROPERTY UPDATE -
Foreclosure: where foreclosing bank, who purchased debt from original mortgagee, failed to establish standing to enforce lost note “through evidence of a valid assignment, proof of purchase of the...more
2/15/2017
/ Appeals ,
Article III ,
Banking Sector ,
Consumer Lenders ,
Financial Institutions ,
Financial Services Industry ,
Foreclosure ,
Full Credit Bid ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Real Estate Market ,
Removal ,
Standing ,
Summary Judgment ,
Title Insurance ,
US Bank National Association
REAL PROPERTY UPDATE:
Foreclosure/Sufficiency of Notice: although lender’s notice of default did not expressly state that property could be sold in foreclosure, it substantially complied with notice provision (paragraph...more
2/10/2017
/ Article III ,
Banking Sector ,
Consumer Lenders ,
Damages ,
Foreclosure ,
Insurance Industry ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Promissory Notes ,
Real Estate Market ,
Standing ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure/Lis Pendens: a proper reading of Florida Statute section 48.23(1)(d) is that “when a foreclosure action is prosecuted to a judicial sale, that sale discharges all liens, whether...more
2/3/2017
/ Administrative Review Board ,
Appeals ,
Bank of America ,
Banking Sector ,
Banks ,
Claim Preclusion ,
Collateral Estoppel ,
Deficiency Notices ,
Eminent Domain ,
Fidelity National Title Insurance Company ,
Final Judgment ,
First American Title Insurance Co. ,
Florida ,
Foreclosure ,
Lauderdale-by-the-Sea ,
Lis Pendens ,
Mortgages ,
Real Estate Market ,
Statute of Limitations ,
Title Insurance
REAL PROPERTY UPDATE -
Foreclosure/Vacating Judgment: estate failed to either allege or prove any basis under Rule 1.540 to vacate final judgment of foreclosure to which it had consented – The Bank of N.Y. Mellon v....more
1/26/2017
/ Attorney's Fees ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Consumer Lenders ,
Document Preservation Notices ,
Financial Institutions ,
Foreclosure ,
Fraud ,
Mortgage Lenders ,
Mortgages ,
Real Estate Market ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure: where a valid mortgage properly encumbers the subject property, an incorrect deed and a reformation of deed count are not fatal to a foreclosure action - Heartwood 2, LLC v. Dori, Case...more
1/19/2017
/ Affirmative Defenses ,
Banking Sector ,
Banks ,
Consumer Lenders ,
Escrow Accounts ,
Fidelity National Title Insurance Company ,
Financial Institutions ,
Foreclosure ,
Insurance Industry ,
Misappropriation ,
Mortgage Lenders ,
Mortgages ,
Policy Exclusions ,
Real Estate Market ,
Title Insurance
REAL PROPERTY UPDATE -
Foreclosure – Involuntary Dismissal: although lender’s witnesses failed to explain lender’s loan payment history statement, the statement reflected the principal amount due and had been admitted...more
1/11/2017
/ Article III ,
Banking Sector ,
Closing Protection Letters ,
FDIC ,
Fidelity National Title Insurance Company ,
Florida ,
Foreclosure ,
Insurance Industry ,
Lis Pendens ,
Mortgages ,
Real Estate Market ,
Standing ,
Summary Judgment ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE -
Deficiency/Subject Matter Jurisdiction: approving the 3d DCA’s opinion that an assignee of a foreclosure judgment can maintain a separate action for deficiency under Florida Statutes, Section...more
12/15/2016
/ Article III ,
Attorney's Fees ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Citibank ,
Condition Precedent ,
Eviction ,
Expert Testimony ,
Foreclosure ,
HSBC ,
Insurance Industry ,
JPMorgan Chase ,
Jurisdiction ,
Land Use Restrictions ,
Landlords ,
Mortgages ,
Real Estate Market ,
Residential Leases ,
Standing ,
Subject Matter Jurisdiction ,
Tenants ,
Title Insurance ,
US Bank National Association ,
Wells Fargo
REAL PROPERTY UPDATE -
Settlement/Waiver: borrowers permitted to raise affirmative defenses and counterclaims against lender where subject Loan Modification Agreement failed to include waiver of claims, affirmative...more
12/2/2016
/ Bank of New York (BNY) Mellon ,
Banking Sector ,
Breach of Contract ,
Consumer Financial Products ,
Financial Institutions ,
Foreclosure ,
Homeowners Association (HOA) ,
Injunctions ,
Insurance Industry ,
Loan Modifications ,
Mortgages ,
Real Estate Market ,
Settlement ,
Title Insurance
REAL PROPERTY UPDATE -
Foreclosure/Constitutional Challenge: record title owner’s argument that Florida Statutes section 702.035, governing “Legal notice concerning foreclosure proceedings,” is an unconstitutional...more
11/18/2016
/ Arbitration ,
Article III ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Class Action ,
Constitutional Challenges ,
Consumer Lenders ,
Diversity Jurisdiction ,
Economic Loss Doctrine ,
Financial Institutions ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Motion to Vacate ,
Punitive Damages ,
Real Estate Market ,
Standing ,
Statute of Limitations ,
Title Insurance ,
US Bank National Association ,
Voluntary Dismissals
REAL PROPERTY UPDATE:
Condominium: allocation of square footage within the declaration controls where there is lack of clarity in both the perimetrical boundaries definition and the diagram of the lobby area in question...more
11/3/2016
/ Attorney's Fees ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Condominiums ,
Deutsche Bank ,
Foreclosure ,
Intervenors ,
JPMorgan Chase ,
Mortgages ,
Motion for Leave ,
Notice of Default ,
Real Estate Market ,
Service of Process ,
Standing ,
Subject Matter Jurisdiction ,
Summary Judgment
REAL PROPERTY UPDATE -
Foreclosure/Standing: foreclosing bank did not establish standing where it failed to submit evidence it was in possession of original note with blank endorsement at time of filing of foreclosure...more
10/19/2016
/ Bank of America ,
Banking Sector ,
Banks ,
Deutsche Bank ,
Financial Institutions ,
Foreclosure ,
HSBC ,
Insurance Industry ,
JPMorgan Chase ,
Mortgage Lenders ,
Mortgages ,
Notice of Default ,
Old Republic Title ,
Real Estate Market ,
Regulation X ,
Standing ,
Statute of Limitations ,
Title Insurance ,
US Bank National Association ,
Vacated
The title of this article seems self-evident. Lenders, servicers, and others active in the foreclosure arena these past few years know that it has been anything but. Borrowers surrender property in bankruptcy but,...more
10/10/2016
/ Banking Sector ,
Bankruptcy Code ,
Borrowers ,
Chapter 13 ,
Chapter 7 ,
Consumer Bankruptcy ,
Financial Services Industry ,
Florida ,
Foreclosure ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Real Estate Market
REAL PROPERTY UPDATE -
Foreclosure/Hearsay/Business Records: trial court abused its discretion by excluding the mortgage records, which included records from a prior servicer, where plaintiff’s witness demonstrated...more
10/3/2016
/ Bad Faith ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Business Records ,
Damages ,
Deutsche Bank ,
Disclosure Requirements ,
Due Process ,
Fidelity National Title Insurance Company ,
First American Title Insurance Co. ,
Foreclosure ,
Hearsay ,
Insurance Industry ,
Jurisdiction ,
Mortgages ,
Motion to Amend ,
Notice of Default ,
Old Republic Title ,
Real Estate Development ,
Real Estate Market ,
Reverse Mortgages ,
Right of Access ,
Standing ,
Statute of Limitations ,
Statutory Liens ,
Subdivision ,
Summary Judgment ,
Takings Clause ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE:
Foreclosure/Standing: where copy of note attached to foreclosure complaint contained no endorsement and original note presented at trial had endorsement in favor of plaintiff, plaintiff required to...more
9/15/2016
/ Attorney's Fees ,
Banking Sector ,
Banks ,
Breach of Contract ,
Dismissal With Prejudice ,
Dismissals ,
Ejectment ,
Endorsements ,
Fidelity National Title Insurance Company ,
First American Title Insurance Co. ,
Foreclosure ,
HSBC ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Negligence ,
Real Estate Market ,
Standing ,
Title Insurance ,
Unjust Enrichment
Real Property Update:
- Lis Pendens/Subsequent Liens: lis pendens statute only serves to discharge liens that exist or arise prior to entry of foreclosure judgment but does not affect liens that arise after entry of...more
8/31/2016
/ Affirmative Defenses ,
Article III ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Condominiums ,
Deficiency Judgments ,
Foreclosure ,
Insurance Industry ,
JPMorgan Chase ,
Liens ,
Lis Pendens ,
Mortgages ,
Personal Jurisdiction ,
Real Estate Market ,
Special Damages ,
Standing ,
Statute of Limitations ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE:
Jurisdiction/Deficiency Judgment: Second DCA agrees with Third DCA that “a circuit court has subject matter jurisdiction to adjudicate an independent deficiency action when the plaintiff had...more
8/17/2016
/ Article III ,
Banking Sector ,
Deficiency Judgments ,
Escrow Accounts ,
Foreclosure ,
Insurance Industry ,
Judgment Liens ,
Jurisdiction ,
Mortgage Lenders ,
Mortgages ,
Old Republic Title ,
Residential Real Estate Market ,
Standing ,
Title Insurance ,
US Bank National Association
REAL PROPERTY UPDATE -
Foreclosure/Discovery: Good cause not found to enter protective order preventing owner of property, subject to foreclosure, from deposing bank’s only witness on basis that owner of property was not...more
8/12/2016
/ Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Consumer Lenders ,
Discovery ,
Escrow Accounts ,
Foreclosure ,
Insurable Interests ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Motions to Quash ,
Notice of Default ,
Real Estate Market ,
Service of Process ,
Standing ,
Summary Judgment ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure/Automatic Stay: because final judgment entered day after defendant’s petition for bankruptcy, automatic stay imposed by 11 U.S.C. § 362 was in effect and, thus, judgment was void, even...more
8/3/2016
/ Attorney's Fees ,
Automatic Stay ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Citibank ,
Consumer Bankruptcy ,
Damages ,
Foreclosure ,
Foreclosure Sales ,
JPMorgan Chase ,
Mortgages ,
Notice of Default ,
Real Estate Market ,
Right of Access ,
Standing ,
Statute of Limitations ,
Subrogation ,
Title Insurance
Lis Pendens: a party seeking to maintain a lis pendens must establish a “fair nexus” between the party’s claim and the subject property by making “a minimal showing that there is at least some basis for the underlying claim...more
7/25/2016
/ Banking Sector ,
Consumer Lenders ,
Debt Collection ,
Deutsche Bank ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Limitation of Liability Clause ,
Lis Pendens ,
Mortgages ,
Negligence ,
Real Estate Market ,
Title Insurance
REAL PROPERTY UPDATE -
Foreclosure/Unclean Hands: defense of unclean hands insufficient where borrower alleges bank’s loan officer inflated borrower’s income and assets to qualify for loan where borrower signed off on...more
7/21/2016
/ Bank of America ,
Banking Sector ,
Banks ,
Breach of Contract ,
Deficiency Judgments ,
Denial of Insurance Coverage ,
Eviction ,
Foreclosure ,
Full Credit Bid ,
Illegal Contracts ,
Insurance Industry ,
Jurisdiction ,
Lienholders ,
Lis Pendens ,
Mortgage Lenders ,
Mortgages ,
Motions to Quash ,
Real Estate Market ,
Standing ,
Summary Judgment ,
Title Insurance ,
Unclean Hands ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure/Leave to Amend: borrower should have been granted leave to amend to assert affirmative defenses pursuant to motion filed 13 days before trial because there was no prejudice, the...more
7/11/2016
/ Bad Faith ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Class Action ,
Closing Protection Letters ,
Deficiency Judgments ,
Economic Loss Doctrine ,
Fidelity National Title Insurance Company ,
Foreclosure ,
Homeowners Association (HOA) ,
Insurance Fraud ,
Insurance Industry ,
Leave to Amend ,
Liens ,
Lis Pendens ,
Mortgage Fraud ,
Mortgage Lenders ,
Mortgages ,
Old Republic Title ,
Prejudgment Interest ,
Real Estate Market ,
Standing ,
Summary Judgment ,
Title Insurance ,
US Bank National Association ,
Wells Fargo
REAL PROPERTY UPDATE -
- Foreclosure/Standing/Hearsay: copy of a note with undated allonge containing blank endorsement sufficient to establish standing as a matter of law, even though bank did not have formal...more
6/22/2016
/ Attorney's Fees ,
Banking Sector ,
Deficiency Judgments ,
Equitable Subrogation ,
Financial Institutions ,
First American Title Insurance Co. ,
Foreclosure ,
Hearsay ,
HSBC ,
Insurance Industry ,
JPMorgan Chase ,
Loan Modifications ,
Mortgage Servicers ,
Mortgages ,
Notice of Default ,
Post-Judgment Interest ,
Real Estate Market ,
RJ Reynolds ,
Standing ,
Subrogation ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE -
Contracts/Personal Liability: official title of “President” underneath signor’s signature on contract did not shield individual from personal liability because contract language reflected...more
5/26/2016
/ Arbitration ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Consumer Bankruptcy ,
Countrywide ,
Credit Suisse ,
Deutsche Bank ,
Discovery ,
Fidelity National Title Insurance Company ,
Fifth Third Mortgage Company ,
Foreclosure ,
Hearsay ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Negligence ,
Notice of Default ,
Personal Liability ,
Real Estate Market ,
Standing ,
Summary Judgment ,
Title Insurance ,
US Bank National Association ,
Wells Fargo