A New York Supreme Court recently held that a lender may not foreclose on a reverse mortgage due to the mortgagee’s failure to pay homeowners’ insurance premiums, even if such language is included in the reverse mortgage itself. See OneWest Bank v. Smith, NYLJ 1202670454135 (N.Y. Sup. Ct. Sept. 10
The United States District Court for the District of New Jersey recently granted jurisdiction, severed and dismissed a complaint filed by 103 plaintiffs claiming that a group of lenders and mortgage servicers conspired to injure them through their mortgage assignment and servicing procedures. See Haley v. AMS Servicing, LLC, 201
The United States District Court for the Southern District of New York denied the class action plaintiffs’ motion to compel a defendant company to produce subpoenaed documents potentially held by the defendant’s subsidiaries, holding that the defendant did not exercise control over such documents. See Sicav v. Wang, 2014 WL
The United States District Court for the Northern District of New York held that property acquired via a tax foreclosure judgment can be subject to attack as a fraudulent conveyance under 11 U.S.C. § 548. See Clinton Cnty. Treasurer v. Wolinsky, 511 B.R. 34 (N.D.N.Y. 2014). In the case, the
In a decision resolving years of conflicting New Jersey opinions, the New Jersey Supreme Court decided this week that a tax sale certificate purchaser holds a tax lien, and is thus entitled to a statutory rate of 18% interest. See In re Princeton Office Park v. Plymouth Park Tax Services
In a decision that endorsed the Court’s previous holding of In re Berley, the United States Bankruptcy Court for the District of New Jersey again held that property acquired via a tax foreclosure judgment can be subject to attack as a fraudulent conveyance under 11 U.S.C. § 548. See Matter
