Posts in Mortgage Foreclosure.
Appellate court ruling allows receivers to sell property even if proceeds fail to compensate junior lien holders.
Tags: Commercial Liability, Commercial Loans, Commercial Real Estate, Mortgage Foreclosure, Real Estate Mortgages, Receiverships
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Court rules that bank, which accepted a borrower's voluntary payments post-bankruptcy and opted not to foreclose its security interest in the mortgage, did not violate the FCRA by reporting the loan as closed on the borrower's credit report.
Appellate court rules on whether lender can sue to enforce other security in a loan default situation without also foreclosing on the borrower's mortgage.
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