Real Property Update-
Contracts: Escrow agent was bound only by the terms of an escrow agreement to which it was a party and not a purchase agreement to which it was not a party – Carter Dev. of Mass., LLC v. Howard, No....more
12/11/2019
/ Allegations ,
Certificate of Authority ,
Debt Collection ,
Escrow Accounts ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
Leave to Amend ,
Motion to Dismiss ,
Property Owners ,
Real Estate Market ,
Real Estate Transactions ,
Right of First Refusal ,
Service of Process
Financial Services Update -
FDCPA & FCCPA / Debt Collection Activity / Monthly Mortgage Statements: Monthly mortgage statements required by TILA and sent to plaintiff did not amount to “debt collection” because they did...more
11/13/2019
/ Allegations ,
Debt Collection ,
Duty to Defend ,
Encroachments ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
Judicial Intervention ,
Mortgage Lenders ,
Mortgages ,
Motion for Reconsideration ,
Motion to Dismiss ,
Motion To Intervene ,
Multidistrict Litigation ,
Payoff Requirements ,
Policy Terms ,
Regulatory Violations ,
TCPA ,
Title Insurance ,
Truth in Lending Act (TILA)
Real Property Update -
Foreclosure / Bankruptcy / Surrender: borrower cannot challenge judgment of foreclosure entered upon judicial notice of his statement of intention to surrender the property and order of discharge...more
10/31/2019
/ Bad Faith ,
Consumer Bankruptcy ,
Consumer Financial Products ,
Debt Collection ,
Dischargeable Debts ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Forgery ,
Fraud ,
JPMorgan Chase ,
Loans ,
Mortgages ,
Negligence ,
Policy Exclusions ,
Policy Terms ,
Promissory Notes ,
Property Surrender ,
Regulatory Violations ,
RESPA ,
Rooker-Feldman Doctrine ,
Time-Barred Claims ,
Title Insurance
Financial Services Update -
Title Insurance Coverage: where an accurate survey would have shown that seller had abandoned access and parking easement, which had been built upon by a neighbor, title insurer had no duty to...more
10/23/2019
/ Chapter 7 ,
Consumer Bankruptcy ,
Consumer Financial Products ,
Debt Collection ,
Default Judgment ,
Deutsche Bank ,
Dischargeable Debts ,
Duty to Defend ,
Easements ,
Failure To Disclose ,
FDCPA ,
Financial Services Industry ,
Lenders ,
Predatory Lending ,
Regulatory Violations ,
Remand ,
Res Judicata ,
RESPA ,
Reversal ,
Student Loans ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Workers Compensation Awards
Real Property Update -
Foreclosure / Doc Stamps: failure to pay documentary stamp and intangible taxes on increased principal balance under loan modification rendered final foreclosure judgment unenforceable - Schroeder v....more
10/11/2019
/ Advertising ,
Consumer Financial Products ,
Debt ,
Debt Collection ,
Documentary Stamp Tax ,
Dual Purpose ,
FDCPA ,
FedEx ,
Fidelity National Title Insurance Company ,
Financial Services Industry ,
Foreclosure ,
Indemnification ,
Loan Modifications ,
Mortgages ,
Motion To Strike ,
Shipping ,
Subrogation ,
TCPA ,
Title Insurance ,
Unjust Enrichment
Real Property Update -
Foreclosure / Res Judicata: res judicata did not apply where later foreclosure action was based on different period of default than the prior action on same loan - Bullock v. Bayview Loan Servicing,...more
7/8/2019
/ Damages ,
Debt Collection ,
FDCPA ,
Financial Services Industry ,
Foreclosure ,
Mortgages ,
Res Judicata ,
RESPA ,
Statute of Limitations ,
TCPA ,
Title Insurance ,
Truth in Lending Act (TILA)
Real Property Update -
Foreclosure / Business Records / Hearsay: trial court abused its discretion in excluding collection notes into evidence where witness sufficiently laid predicate for admissibility of these records -...more
7/8/2019
/ Attorney's Fees ,
Consumer Financial Products ,
Debt Collection ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial Services Industry ,
First Amendment ,
Foreclosure ,
Mortgages ,
Popular ,
RESPA ,
Standing ,
TCPA
Real Property Update -
• Foreclosure / Reverse Mortgage / Condition Precedent: bank failed to establish that the subject property was not the principal residence of surviving co-borrower under its reverse mortgage, a...more
5/2/2019
/ Auto-Dialed Calls ,
Condition Precedent ,
Constitutional Challenges ,
Creditors ,
Debt Collection ,
Debtors ,
Dismissals ,
Fair Credit Reporting Act (FCRA) ,
FCC ,
FDCPA ,
Financial Services Industry ,
First Amendment ,
Foreclosure ,
Fraudulent Concealment ,
Free Speech ,
Mortgage Lenders ,
Mortgages ,
Notice Requirements ,
Property Owners ,
RESPA ,
Reversal ,
Reverse Mortgages ,
Sales Contracts ,
Standing ,
Statute of Limitations ,
Summary Judgment ,
TCPA ,
Tolling
Financial Services Update -
• TCPA: plaintiff's putative TCPA class action arose from post-agreement conduct that did not fall within scope of contract's arbitration agreement - Getz v. DirecTV, LLC, 359 F. Supp. 3d 1222...more
5/2/2019
/ Arbitration Agreements ,
Attorney's Fees ,
Debt Collection ,
FDCPA ,
FDUTPA ,
Financial Services Industry ,
Homeowner's Insurance ,
Homeowners ,
Putative Class Actions ,
RESPA ,
TCPA
Financial Services Update -
FDCPA / definition of "debt collector": law firm carrying out a nonjudicial foreclosure action not a debt collector because the primary definition of a "debt collector" under sec. 1692a does not...more
4/24/2019
/ Administrative Procedure Act ,
Concurrent Litigation ,
Consumer Financial Products ,
Debt Collection ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Litigation ,
Mortgages ,
Negligence ,
Professional Negligence ,
Standing ,
Statute of Limitations ,
TCPA ,
Title Insurance ,
US Bank National Association
Real Property Update -
Lis Pendens: trial court erred by not discharging lis pendens concerning real property because defendant did not grant an interest in the property, and plaintiff's claims did not allege requisite fair...more
3/20/2019
/ Ascertainable Class ,
Consumer Bankruptcy ,
Damages ,
Debt Collection ,
Deed-in-Lieu of Foreclosure ,
Dischargeable Debts ,
FCCPA ,
FDCPA ,
Foreclosure ,
Injunctions ,
Lis Pendens ,
Mortgages ,
Rooker-Feldman Doctrine ,
TCPA ,
Title Insurance
Financial Services Update -
FDCPA: no liability for a debt collector that provides the name of the hospital, the account number, patient name, date of service, and amount of debt, but who fails to include the word "creditor"...more
3/20/2019
/ Article III ,
ATDS ,
Commercial Insurance Policies ,
Covenant of Good Faith and Fair Dealing ,
Debt Collection ,
Department of Financial Services ,
Duty to Defend ,
Duty to Indemnify ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Insurance Regulations ,
Invasion of Privacy ,
Mortgages ,
Policy Exclusions ,
Standing ,
TCPA ,
Telemarketing ,
Title Insurance
Real Property Update -
Foreclosure / Paragraph 22: bank failed to introduce sufficient evidence to prove default letter was sent to borrower pursuant to paragraph 22 of the mortgage where bank's witness never testified that...more
3/20/2019
/ Assignments ,
Banks ,
Debt Collection ,
Deutsche Bank ,
Disclosure Requirements ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
Foreclosure ,
Insurance Litigation ,
Mortgages ,
Negligence ,
Notice of Default ,
Res Judicata ,
TCPA ,
Telemarketing ,
Title Examination ,
Title Insurance
Real Property Update -
Homestead: injunction for municipal violations, which prevented a spouse from returning to the property, did not destroy or "abandon" homestead protections (preventing one spouse from selling the...more
2/19/2019
/ ATDS ,
Debt Collection ,
FDCPA ,
Federal Pleading Requirements ,
Financial Services Industry ,
Homestead Exemption ,
Insurance Litigation ,
Mortgages ,
Putative Class Actions ,
Quicken Loans ,
Subrogation ,
TCPA ,
Text Messages ,
Title Insurance
Real Property Update -
Trespass / Temporary Injunction: temporary injunction order premised upon a physical trespass onto property, which did not specify actions that constitute trespass, did not enjoin use of airspace over...more
2/19/2019
/ Article III ,
ATDS ,
Bank of New York (BNY) Mellon ,
Consumer Financial Products ,
Debt Collection ,
Deficiency Notices ,
Deutsche Bank ,
FDCPA ,
Financial Services Industry ,
Foreclosure ,
Injunctions ,
Insurance Litigation ,
Lyft ,
Mortgages ,
Negligent Misrepresentation ,
Standing ,
TCPA ,
Title Insurance ,
Trespass ,
Unsolicited Faxes ,
Vicarious Liability
REAL PROPERTY UPDATE -
- Equitable Lien/Foreclosure: lender entitled to an equitable lien, but not entitled to foreclose on that lien where was no showing of default on mortgage from which the lien arose - Rozanski v....more
6/28/2018
/ Action to Quiet Title ,
Condition Precedent ,
Condominium Associations ,
Condominiums ,
Consumer Financial Products ,
Debt Collection ,
Deutsche Bank ,
Equitable Lien ,
Fair Credit Reporting Act (FCRA) ,
Financial Services Industry ,
Foreclosure ,
Foreign Judgments ,
Fraudulent Transfers ,
Insurance Code ,
Midland Funding ,
Mortgages ,
Motion to Vacate ,
Old Republic Title ,
Personal Jurisdiction ,
Restrictive Covenants ,
Specific Jurisdiction ,
Supplemental Jurisdiction ,
TCPA ,
Title Insurance ,
US Bank National Association ,
Wells Fargo
REAL PROPERTY UPDATE -
Lis Pendens: lawsuit to foreclose mortgage on real property is an action "founded on a duly recorded instrument" - National American Home, LLC v Deutsche Bank Nat. Trust Co., Case No. 4D17-2614 (Fla....more
4/25/2018
/ Attorney's Fees ,
Bank of New York (BNY) Mellon ,
Condition Precedent ,
Debt Collection ,
Deutsche Bank ,
Fair Credit Reporting Act (FCRA) ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Lis Pendens ,
Marketable Title ,
Mortgages ,
Pleadings ,
Regulatory Violations ,
RESPA ,
RICO ,
TCPA ,
Title Insurance ,
US Bank National Association
REAL PROPERTY UPDATE -
Foreclosure/Standing: borrower's standing arguments failed because they were based on notion that note changed hands after it was delivered to World Savings Bank in 2007, when in fact the note...more
3/5/2018
/ Article III ,
ATDS ,
Banking Sector ,
Damages ,
Debt Collection ,
Deutsche Bank ,
FDCPA ,
Fidelity National Title Insurance Company ,
Foreclosure ,
HSBC ,
Insurance Industry ,
Mechanics Lien ,
Mortgages ,
Policy Exclusions ,
Rite Aid ,
Standing ,
Statute of Limitations ,
Sufficient Nexus ,
TCPA ,
Title Insurance ,
Tortious Interference ,
US Bank National Association ,
Wells Fargo
REAL PROPERTY UPDATE -
- Foreclosure/Errors in Legal Description: error in legal description did not preclude judgment of foreclosure because property was sufficiently identified by accurate lot and tract, street address,...more
12/19/2017
/ Article III ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
Comenity Bank ,
Covenant of Good Faith and Fair Dealing ,
Debt Collection ,
Deutsche Bank ,
ECOA ,
Fair Credit Reporting Act (FCRA) ,
FCCPA ,
FDCPA ,
FDUTPA ,
Financial Services Industry ,
Foreclosure ,
Insurance Industry ,
Mortgage Lenders ,
Mortgages ,
Real Estate Market ,
Standing ,
TCPA ,
Title Insurance ,
Truth in Lending Act (TILA)
REAL PROPERTY UPDATE -
Receiver/Barton Doctrine: individual could not bring negligence action against discharged receiver of commercial property until individual first obtained leave to do so from the court that appointed...more
12/1/2017
/ Bank of America ,
Banking Sector ,
Barton Doctrine ,
Debt Collection ,
ECOA ,
Equitable Subrogation ,
Experian ,
Fair Credit Reporting Act (FCRA) ,
FCCPA ,
FDCPA ,
Financial Services Industry ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Mortgages ,
Motion to Dismiss ,
Negligent Misrepresentation ,
RESPA ,
Statute of Limitations ,
Summary Judgment ,
TCPA ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Wells Fargo
REAL PROPERTY UPDATE FINANCIAL SERVICES UPDATE -
Ad Valorem Taxes: land lease holders are considered equitable owners of land for tax purposes if land lease renews automatically and is perpetual; owners of condominium...more
10/18/2017
/ Action to Quiet Title ,
Ad Valorem Tax ,
Attorney's Fees ,
Banking Sector ,
Consumer Bankruptcy ,
Consumer Financial Products ,
Debt Collection ,
Deficiency Judgments ,
Disclosure Requirements ,
Dismissals ,
FDCPA ,
Financial Services Industry ,
Foreclosure ,
Foreclosure Sales ,
GMAC ,
Mortgage Lenders ,
Mortgages ,
Nationstar ,
Res Judicata ,
Trespass ,
Truth in Lending Act (TILA) ,
Unlawful Detainer ,
Wells Fargo
Foreclosure: general reservation of jurisdiction in a foreclosure judgment is very limited, and certainly does not give trial court jurisdiction to eliminate a lien more than three years after Final Judgment of Foreclosure...more
9/1/2017
/ Article III ,
Bank of America ,
Banking Sector ,
Collateral Estoppel ,
Debt Collection ,
Economic Loss Doctrine ,
FCCPA ,
Financial Services Industry ,
Foreclosure ,
Fraud ,
Indemnification ,
Insurance Industry ,
JPMorgan Chase ,
Mortgages ,
Nationstar ,
Res Judicata ,
RESPA ,
Standing ,
Statute of Limitations ,
Title Insurance ,
Truth in Lending Act (TILA) ,
Wells Fargo
Lis Pendens: a party seeking to maintain a lis pendens must establish a “fair nexus” between the party’s claim and the subject property by making “a minimal showing that there is at least some basis for the underlying claim...more
7/25/2016
/ Banking Sector ,
Consumer Lenders ,
Debt Collection ,
Deutsche Bank ,
First American Title Insurance Co. ,
Foreclosure ,
Insurance Industry ,
Limitation of Liability Clause ,
Lis Pendens ,
Mortgages ,
Negligence ,
Real Estate Market ,
Title Insurance
In This Issue:
- IN THE SPOTLIGHT
..Standard CGL Policy Form Adds Data Breach Coverage Exclusion
- LIFE INSURANCE
..Class Claims Against Lincoln National Barred in Section 419 Action – Again
...more
9/30/2014
/ Accredited Investors ,
Affordable Care Act ,
Burwell v Hobby Lobby ,
Class Action ,
Commercial General Liability Policies ,
Consumer Financial Protection Bureau (CFPB) ,
Creditors ,
Cyber Insurance ,
Data Brokers ,
Debt Collection ,
DMCA ,
Enforcement Actions ,
ESOP ,
Fair Credit Reporting Act (FCRA) ,
Fiduciary Duty ,
Foreclosure ,
Fraud-on-the-Market ,
Hallmark ,
Investment Adviser ,
Judge Rakoff ,
Life Insurance ,
NAIC ,
Patent Litigation ,
Patent-Eligible Subject Matter ,
Patents ,
Pharmaceutical Industry ,
Proxy Advisors ,
Putative Class Actions ,
Religious Freedom Restoration Act (RFRA) ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Strategic Enforcement Plan ,
Taco Bell ,
TCPA ,
Text Messages ,
Variable Annuities ,
Whistleblowers