News & Analysis as of

Forfeiture Mortgages

Nelson Mullins Riley & Scarborough LLP

Reacting to Tyler v. Hennepin County: Michigan Addresses Retroactivity of Legislative Fix

In a recent case, the Michigan Supreme Court issued an opinion in Schafer v. Kent County, No. 164975, addressing the critical issue of surplus equity stemming from a tax foreclosure within the context of the state...more

Dentons

Iowa Real Estate Transactions and COVID-19

Dentons on

Below is the latest information regarding the effect that the COVID-19 pandemic is having on real estate transactions in Iowa. Foreclosures: All residential, commercial, and agricultural foreclosure and forfeiture...more

Skadden, Arps, Slate, Meagher & Flom LLP

Recent Developments in the Enforceability of Make-Whole Premiums in the Second Circuit

In March 2019, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York ruled that lenders using clear and unambiguous language in their loan agreements may be entitled to prepayment...more

Jackson Walker

Texas Supreme Court Issues Long-Awaited Ruling on Home Equity Lending

Jackson Walker on

Due to the complexity of home equity laws in Texas, including the potential forfeiture of principal and interest for even an innocent violation, lenders have always needed to proceed with caution when making home equity loans...more

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