REAL PROPERTY UPDATE -
Foreclosure/Statute of Limitations & Res Judicata: trial court erred in finding that bank's foreclosure action was barred by statute of limitations and res judicata - U.S. Bank Nat'l Ass'n, etc. v....more
8/2/2018
/ Auto-Dialed Calls ,
Deutsche Bank ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Material Misrepresentation ,
Mortgages ,
Nationstar ,
Res Judicata ,
RESPA ,
Right of Redemption ,
Statute of Limitations ,
TCPA ,
Time Warner Cable ,
Title Insurance ,
US Bank National Association
REAL PROPERTY UPDATE -
Foreclosure/Standing: bank's allegation in complaint that it acquired loan and possessed both legal and beneficial interest in note and mortgage prior to filing complaint, coupled with the subsequent...more
6/6/2018
/ Article III ,
Attorney's Fees ,
Bank of New York (BNY) Mellon ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
HELOC ,
JPMorgan Chase ,
Mortgages ,
Policy Exclusions ,
RICO ,
Standing ,
Statute of Limitations ,
TCPA ,
Title Insurance ,
Wells Fargo
REAL PROPERTY UPDATE -
Summary Judgment: incorporation of an affirmative defense by referencing “previously filed pleadings” does not obviate movant’s obligation to comply with particularity requirements mandated by rule...more
5/16/2018
/ Ally Financial Inc ,
American Express ,
Article III ,
Bank of America ,
BAPCPA ,
Chapter 7 ,
Condominiums ,
Consumer Bankruptcy ,
Debt Collectors ,
Deutsche Bank ,
Equifax ,
Exculpatory Clauses ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
HOA Dues ,
Leases ,
Mortgages ,
Negligence ,
Repossess ,
Standing ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Wells Fargo
REAL PROPERTY UPDATE -
Lis Pendens: lawsuit to foreclose mortgage on real property is an action "founded on a duly recorded instrument" - National American Home, LLC v Deutsche Bank Nat. Trust Co., Case No. 4D17-2614 (Fla....more
4/25/2018
/ Attorney's Fees ,
Bank of New York (BNY) Mellon ,
Condition Precedent ,
Debt Collection ,
Deutsche Bank ,
Fair Credit Reporting Act (FCRA) ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Lis Pendens ,
Marketable Title ,
Mortgages ,
Pleadings ,
Regulatory Violations ,
RESPA ,
RICO ,
TCPA ,
Title Insurance ,
US Bank National Association
REAL PROPERTY UPDATE -
Standing/Foreclosure: pursuant to Florida Rule of Procedure 1.260, the assignee of a note during pendency of a foreclosure acquires standing of original plaintiff lender - Spicer v Ocwen Loan...more
1/25/2018
/ Article III ,
Banking Sector ,
Fair Credit Reporting Act (FCRA) ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgage Fraud ,
Mortgages ,
Nationstar ,
Property Damage ,
RESPA ,
Sinkhole ,
Standing ,
State Farm ,
Statute of Limitations ,
TCPA ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Wells Fargo
REAL PROPERTY UPDATE -
Receiver/Barton Doctrine: individual could not bring negligence action against discharged receiver of commercial property until individual first obtained leave to do so from the court that appointed...more
12/1/2017
/ Bank of America ,
Banking Sector ,
Barton Doctrine ,
Debt Collection ,
ECOA ,
Equitable Subrogation ,
Experian ,
Fair Credit Reporting Act (FCRA) ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgages ,
Motion to Dismiss ,
Negligent Misrepresentation ,
RESPA ,
Statute of Limitations ,
Summary Judgment ,
TCPA ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Wells Fargo
REAL PROPERTY UPDATE -
Summary judgment: trial court erred by denying borrower’s motion to amend answer and defenses, and therefore erred in entering summary judgment in favor of lender. Reyes v BAC Home Loans Servicing...more
9/20/2017
/ Arbitration ,
Banking Sector ,
Class Action ,
Fidelity National Title Insurance Company ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Professional Liability ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure / Statute of Limitations: trial court improperly found that, because payments due under a note and mortgage were accelerated in a prior 2009 action, the second action filed over five...more
9/6/2017
/ Article III ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
First American Title Insurance Co. ,
Foreclosure ,
Indemnity ,
Insurance Industry ,
Lis Pendens ,
Mortgages ,
Sinkhole ,
Standing ,
Statute of Frauds ,
Statute of Limitations ,
Title Insurance ,
US Bank ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure/Redemption: foreclosure sale conducted without knowledge of bankruptcy affirmed, but trial court orders denying mortgagor opportunity to redeem property before certificate of sale actually...more
8/8/2017
/ Banking Sector ,
Class Action ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgages ,
Nationstar ,
Policy Terms ,
TCPA ,
Title Insurance ,
Title Search ,
Truth in Lending Act (TILA) ,
Unsolicited Faxes
REAL PROPERTY UPDATE -
Foreclosure/Standing: note owner had constructive possession of promissory note in original servicer’s physically possession of blank-endorsed note when it filed the complaint, and had standing to...more
7/26/2017
/ Banking Sector ,
Citigroup ,
Consumer Financial Protection Bureau (CFPB) ,
Expert Testimony ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
JPMorgan Chase ,
Mortgage Lenders ,
Mortgages ,
Quicken Loans ,
Res Judicata ,
RESPA ,
Standing ,
Statute of Limitations ,
Title Insurance ,
US Bank National Association
REAL PROPERTY UPDATE -
Foreclosure: final summary judgment in borrower’s favor inappropriate where borrower merely asserted that lender mistakenly filed copy of original note with court, instead of original, and where...more
5/9/2017
/ Bank of New York (BNY) Mellon ,
Banking Sector ,
Deficiency Judgments ,
Due Process ,
Duty to Defend ,
Estoppel ,
First American Title Insurance Co. ,
Foreclosure ,
HSBC ,
Insurance Industry ,
Insurance Litigation ,
Mortgages ,
Property Tax ,
Protective Orders ,
Restrictive Covenants ,
Standing ,
Title Insurance ,
US Bank National Association ,
Vacation Rentals
REAL PROPERTY UPDATE -
Foreclosure/Attorneys’ Fees: mortgage foreclosure plaintiffs seeking attorney’s fees must support their claim with competent, substantial evidence of the number of hours worked and evidence that...more
4/25/2017
/ Attorney's Fees ,
Bad Faith ,
Bank of America ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Covenant of Good Faith and Fair Dealing ,
Deutsche Bank ,
Estoppel ,
First American Title Insurance Co. ,
Foreclosure ,
Homeowners Association (HOA) ,
Insurance Industry ,
Mortgages ,
Old Republic Title ,
Real Estate Market ,
Reverse Mortgages ,
Standing ,
Title Insurance ,
US Bank National Association ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure/Deficiency Judgment: where a foreclosing bank acquires in rem jurisdiction via service by publication in underlying foreclosure action, bank may still seek personal service over an...more
4/12/2017
/ Acceleration ,
Banking Sector ,
Cause of Action Accrual ,
Closing Documents ,
Double Recovery ,
Duty to Defend ,
FDIC ,
Financial Institutions ,
First American Title Insurance Co. ,
Foreclosure ,
In Rem Jurisdiction ,
Insurance Industry ,
JPMorgan Chase ,
Lis Pendens ,
Mortgage Lenders ,
Mortgages ,
Personal Jurisdiction ,
Real Estate Market ,
Title Insurance ,
US Bank National Association ,
Wells Fargo
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
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/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
Foreclosure: debtor that agreed to “surrender” property in bankruptcy was required to surrender the property to the bankruptcy trustee and secured creditor, and lost right to defend secured creditor’s foreclosure action...more
10/13/2016
/ Article III ,
Attorney's Fees ,
Citibank ,
Condominiums ,
Consumer Bankruptcy ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgages ,
Real Estate Market ,
Safe Harbors ,
Standing ,
Title Insurance ,
US Bank National Association
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
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/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 -
Foreclosure/Bankruptcy Stay: because borrower’s notice of appeal was filed during pendency of bankruptcy stay it was a nullity, and appellate court lacked jurisdiction to consider appeal –Hewett v....more
6/8/2016
/ Bank of America ,
Bank of New York (BNY) Mellon ,
Class Action ,
Consumer Bankruptcy ,
Deutsche Bank ,
Discovery ,
Equitable Subrogation ,
Financial Institutions ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgages ,
Negligence ,
Real Estate Market ,
Sanctions ,
Short Sales ,
Standing ,
Stays ,
Title Insurance ,
US Bank National Association ,
Vicarious Liability ,
Wachovia ,
Wells Fargo
REAL PROPERTY UPDATE -
- Sovereign Immunity: DOT prohibited from using sovereign immunity defense in negligence action resulting from railroad crossing accident where DOT bound by crossing agreement, including indemnity...more
4/12/2016
/ Department of Transportation (DOT) ,
First American Title Insurance Co. ,
Foreclosure ,
HSBC ,
Insurance Industry ,
Jury Instructions ,
Mortgages ,
Railroads ,
Reformation ,
Residential Real Estate Market ,
Sovereign Immunity ,
Standing ,
Statute of Limitations ,
Subrogation ,
Title Insurance ,
US Bank National Association ,
Wells Fargo
REAL PROPERTY UPDATE -
Foreclosure/Priority: bank entitled to relief from judgment where junior lienholder foreclosed on subject property and Court ordered sale of property free and clear of all claims by bank – Bank of...more
REAL PROPERTY UPDATE -
- Foreclosure/Standing: although bank established it had possession of note prior to commencement of action, bank did not demonstrate when blank endorsement was placed on note, nor did it prove it...more
10/20/2015
/ Attorney's Fees ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Banks ,
Breach of Contract ,
Compliance ,
Condominiums ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Transportation (DOT) ,
Eminent Domain ,
Estate Claims ,
Financial Institutions ,
First American Title Insurance Co. ,
Foreclosure ,
Homeowners ,
Insurance Industry ,
JPMorgan Chase ,
Kickbacks ,
Mortgages ,
Referral Fees ,
Residential Real Estate Market ,
RESPA ,
Service Agreements ,
Standing ,
Statute of Limitations ,
Summary Judgment ,
Title Insurance ,
Wells Fargo