Posts in Real Estate Mortgages.
As the COVID-19 pandemic rages, Michigan’s real estate industry braces for a potential wave of foreclosures and evictions.
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Applying lessons learned from the 2008 economic crash, mortgagees may want to consider challenging property tax assessments during pandemic crisis to protect the value of their collateral.
A recent federal appellate court ruling illustrates the traps lenders could trip when state court collection actions against joint borrowers intersect with federal bankruptcy law.
Michigan Court of Appeals clarifies mortgagor’s right of property redemption, regardless of the manner of foreclosure used.
Tags: Business Risk Management, Commercial Liability, Commercial Loans, Commercial Real Estate, Real Estate Mortgages
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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Recent Updates
- When are Clear, Unambiguous Contracts Nonetheless Ambiguous?
- What the Future may Hold for Michigan Real Estate Foreclosures and Evictions
- The Dispute Subject to Arbitration, or is it? Who Decides?
- Illinois Supreme Court Slams Courthouse Door on Non-residents' Product Liability Claims Against Non-resident Defendants for Injuries Suffered Outside State
- Supreme Court Rules Fully Funded Pension Plans Cannot be Sued Under ERISA for Mismanagement
- A Day in Someone Else’s Shoes: Can Mortgagees Challenge Ad Valorem Assessments?
- Landlords may be able to Recover Future Damages Even After Tenants Vacate Leased Premises
- A Deeper Dive Into Minority Owner Oppression Claims
- Is Coronavirus Pandemic an Excuse not to Pay or Perform a Contract? A Short Primer on Applicable Legal Doctrines
- Navigating the Illinois Biometric Information Act