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19 Mar 2013, 10:16 am by Editorial Board
On March 8, the Federal Housing Finance Agency (FHFA), acting as conservator for the Federal Home Loan Mortgage Corporation (Freddie Mac) commenced litigation in the Supreme Court of the State of New York against Decision One Mortgage Company, LLC (Decision One), and HSBC Finance Corporation (HSBC) (as an alleged successor in interest). [read post]
24 Jun 2011, 11:08 am by Tomassi Law Associates
One of the largest financial decisions and most Americans lives is their home. [read post]
29 May 2023, 8:48 pm by Peter Mahler
Defendants also alleged that the notice of election was defective because it failed to include a release of defendants as guarantors under the existing mortgage on the LLC’s realty, unlike the outside buyer’s offer which included repayment of the existing mortgage. [read post]
19 Apr 2021, 4:03 am by Peter Mahler
On the other hand, one can appreciate the hardship on an elderly, outside investor in a profitable LLC who receives no distributions while having to pay taxes on her allocable share of the LLC’s substantial net income. [read post]
4 Apr 2011, 2:39 pm by Tomassi Law Associates
There are ways to save money by refinancing to a loan that is one full percentage point below a current rate. [read post]
17 Nov 2015, 9:42 am by Pulgini & Norton, LLP
Nationstar Mortgage, LLC, the borrower’s primary argument was that the defendants violated G.L. c. 93A by structuring a mortgage consisting of high-cost loans, which the lender had no reasonable expectation that the homeowner could pay, and therefore misleading the borrower as to the viability of the transaction. [read post]
15 Dec 2023, 9:12 am by David Klein
One such company is Rocket Mortgage, LLC (“Rocket”), which again finds itself sued for calls and texts allegedly sent in violation of the Telephone Consumer Protection Act (“TCPA”). [read post]
18 Feb 2013, 11:03 pm by Peter Mahler
Justice Demarest’s decision last year stopped short of ordering the winding up and liquidation of the LLC pending an accounting by the LLC’s accountant and an appraisal of the LLC’s realty by an independent appraiser. [read post]
14 Jun 2021, 4:32 am by Peter Mahler
Iowa was one of the first states to adopt the 2006 Revised Uniform Limited Liability Company Act. [read post]
31 Oct 2022, 4:00 am by Albena Petrakov, Esq.
Ditech was comprised of three primary segments: (i) forward mortgage originations through Ditech Financial LLC (“DFL”); (ii) forward mortgage servicing through DFL; and (iii) reverse mortgage servicing through Reverse Mortgage Solutions, Inc. [read post]
13 Jul 2020, 4:51 am by Peter Mahler
All of which is by way of introduction to three, recent court decisions by three different New York City judges addressing disputed ownership interests, two involving LLCs and one a close corporation. [read post]
13 Oct 2022, 3:35 am by Cari Rincker
Flexibility is one of the best features of an LLC, but the number of options can make the decision-making process feel overwhelming. [read post]
24 Sep 2018, 2:31 am by Peter Mahler
 Patrick held a one-third membership interest in the former LLC and a one-fifth interest in the latter LLC. [read post]
4 Apr 2018, 11:40 am by IncNow
Managing LLC Profit Distributions LLCs are formed usually for one reason: to make money. [read post]
26 Aug 2019, 3:44 am by Peter Mahler
In 2016, for purposes of a mortgage application, the petitioner wrote to the respondents asking for documentation for the lender identifying him as an “equal partner” in the LLC, stating, “This is needed ASAP for mortgage approval so [must] look super legit and top notch. [read post]
24 Jul 2017, 3:41 am by Peter Mahler
The first was a May 2015 letter from the LLC’s managing member to petitioner, discussing a plan to renovate one of the property’s units. [read post]
2 Aug 2017, 8:31 am by John Wright
 This is an important win for Nevada HOA investors because it removes one more defense that Banks liked to raise against Investors when those Investors acquired properties that had FHA insured mortgages. [read post]