There is good news for commercial lenders in Maryland seeking the appointment of a receiver over a borrower or solely over real estate collateral. On April 30, 2019, Governor Hogan signed into law HB 1065, which creates an...more
5/29/2019
/ Borrowers ,
Collateral ,
Commercial Bankruptcy ,
Commercial Loans ,
Commercial Mortgage Securitization ,
Commercial Real Estate Contracts ,
Corporate Dissolution ,
Court-Appointed Receivers ,
Default ,
Executory Contracts ,
Liens ,
Mortgage Lenders ,
New Legislation ,
Receivership ,
Remedies ,
Stays
In 2017, the Maryland Court of Appeals in the case of Select Portfolio Servicing, Inc. v. Saddlebrook West Utility Company, 455 Md. 313 (2017) (“Saddlebrook”) held that a provision in a recorded declaration by a utility that...more
5/9/2019
/ Assessment ,
Bankruptcy Court ,
Construction Liens ,
Declaration ,
Deed of Trust ,
Exclusive Remedy ,
Fees ,
Foreclosure ,
Homeowners Association (HOA) ,
Lien Priority ,
Public Utility ,
Recorded Documents ,
Recording Acts ,
Reversal ,
Validity