Real Estate Law

Recent Posts

St. Louis County Ordinance Requiring Pre-Foreclosure Mediation Unconstitutional, Missouri Supreme Court Holds
Posted on 7 Jan 2015 by Ballard Spahr LLP

The Missouri Supreme Court recently ruled, [ enhanced version available to lexis.com subscribers ], that a St. Louis County ordinance requiring lenders to mediate with borrowers prior to foreclosure was void ab initio because it was not directed to a... Read More

FHA Announces “Costly” Alternative to Reverse Mortgage Foreclosure; HUD Soliciting Comment
Posted on 31 Mar 2015 by Troutman Sanders

By Jennifer Bowen and John C. Lynch Since its creation in 2009, the Home Equity Conversion Mortgage (“HECM”) reverse mortgage program created by the Federal Housing Authority has helped numerous senior citizens stay in their homes by... Read More

Tags: mortgage , osure , loan , forecl , FHA , reverse

Vermont Updates Mortgage Broker Rules
Posted on 4 Nov 2014 by Ballard Spahr LLP

The Vermont Department of Financial Regulation has adopted regulations that update the rules for the licensing and regulation of mortgage brokers. The regulation sets forth standards on: · Individuals who may be authorized to act as a mortgage... Read More

Real Estate Loan Mitigation, Foreclosure, and Mortgagor Tax Liabilities
Posted on 2 Jul 2014 by Patricia Hughes Mills, J.D., L.L.M.

By Patricia Hughes Mills J.D. LL.M Upon mortgage debt default, the mortgagee's foreclosure or mitigation of the debt yield differing tax consequences to the mortgagor. Moreover, the mortgagor's tax treatment on foreclosure depends, in part... Read More

Lenders Have To Do What They Are Told (At Least When It Comes To Accepting Funds To Pay Off A Loan And Cancel A Mortgage)
Posted on 18 Aug 2014 by Peter J. Gallagher

This was the take home message from a recent Appellate Division opinion -- Lakeland Bank v. Sampson . In that case, Lakeland obtained final judgment of foreclosure against its borrower in connection with a home equity line of credit which was secured... Read More