Search for: "Decision One Mortgage Company, LLC"
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7 May 2021, 1:14 pm
Managing LLC Profit Distributions LLCs are formed usually for one reason: to make money. [read post]
7 Jun 2021, 4:38 am
After the fire, Duchess Gardens was unable to pay its mortgage, resulting in a foreclosure lawsuit. [read post]
10 Nov 2020, 8:09 am
Another option is to create a limited liability company (LLC) for your real estate ventures. [read post]
11 Nov 2019, 3:45 am
Even if the Operating Agreement is “silent” with respect to the replacement of Managers and the default provisions of the LLCL apply, the continued decision to keep Win Win Asset Management LLC as the managing agent of the company is also a major management decision for the Company, and requires a majority vote. [read post]
10 Aug 2015, 3:28 am
Section 5.1(a) of the LLC’s Operating Agreement (read here) designates them the LLC’s sole managers and grants them authority to make all decisions “affecting the Company, its policy and management . . . including but not limited to, the purchase, sale, finance, mortgage, lease of any real estate or personal property of the Company . . .. [read post]
18 May 2015, 3:48 am
That leaves the second prong — financial unfeasibility — which can be difficult to establish for a single-asset real estate holding company such as the one in Barone, where the property apparently generates rental income sufficient to pay operating expenses and debt service. [read post]
22 Feb 2021, 4:11 am
This year’s synopses feature three noteworthy decisions by New York courts and one from Iowa: dismissing a rare deadlock dissolution petition involving a not-for-profit corporation; dismissing a petition to dissolve a limited liability company after the company and one of its two 50% members were indicted for tax fraud; dismissing claims for breach of fiduciary duty surrounding the break-up of a law firm; and affirming a post-trial decision… [read post]
13 May 2011, 2:20 pm
Chapter 11: Mortgages Buying a home is one of the biggest financial and emotional decisions you will ever make. [read post]
9 Sep 2012, 10:00 pm
Another lawsuit in which no one agrees who owns what if any percentage interest in the LLC. [read post]
25 Oct 2010, 4:00 am
If you're the majority member of a New York limited liability company (LLC), and either you have no written operating agreement, or you have one but it's silent on the issue, repeat after me: I cannot make a compulsory capital call; I cannot make a compulsory capital call; I cannot make a compulsory capital call. [read post]
28 Nov 2016, 3:24 am
The fight eventually bled onto the realty company, centering on three flashpoints: Marina’s refusal to execute a favorable mortgage refinancing agreement for two of the LLC’s three rental properties, resulting in the mortgages going into default; Marina’s refusal to release from attorney escrow almost $500,000 insurance proceeds secured on the LLC’s behalf in settlement of litigation with the insurer; and… [read post]
3 Jan 2007, 1:12 am
The decision to file for Chapter 11 bankruptcy comes just weeks after the company shut down its operations on December 5. [read post]
11 Dec 2017, 3:28 am
This is a story about one LLC that did not, but with a very different outcome than Chiu. [read post]
27 Mar 2017, 3:17 am
James collected rents but apparently refused to service the mortgage debt, as a result of which one or more foreclosure proceedings were brought against the property and remaining pending at the time of trial. [read post]
7 Apr 2010, 3:27 pm
In at least one of these offshore deals, Goldman reportedly described the underlying mortgages as "prime" or "midprime," when they were actually lower grades. [read post]
24 Oct 2016, 6:25 pm
BORDEN DAIRY COMPANY OF ALABAMA, LLC., et al., Respondents. [read post]
25 Mar 2011, 10:10 am
Thats why banks wont approve a mortgage for a property if a title insurance company wont insure its title. [read post]
28 Nov 2011, 3:00 am
The fiduciary duty includes the obligation to disclose fully any interests of the promoter that might affect the company and its members, including profits that the promoter makes from organizing the company. [read post]
25 Sep 2014, 6:24 pm
[I]nvestors cannot grant mortgages, contract for the improvement of the property mortgaged, and then use a network of companies to purchase and foreclose the mortgage for the primary purpose of extinguishing the construction liens that increased the value of the property. [read post]
18 Aug 2011, 8:52 pm
Morgan Stanley Mortgage Capital Holdings, LLC, No. 595-2010 (Del. [read post]
