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17 Jan 2024, 3:36 am by Andrew Lavoott Bluestone
Sterling also personally guaranteed Green Oak’s financial obligations under the note and mortgage. [read post]
14 Jul 2022, 12:33 pm
GMAC Mortgage, LLC, 735 F.3d 1263 (11th Cir. 2012)(wholly underwater liens still avoidable in chapter 7) the 11th Circuit Court of Appeals was presented with the issue whether it could recede from its prior decision in Folendore v. [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
He must be presumed to be a sophisticated investor.DOOMED TO DELINQUENCY AND DEFAULT, BUT ONLY AFTER A PERIOD OF LATENCYUnlike securitized residential mortgages, the unsecured student loans could not go into default immediately or even within months (short of borrower death or bankruptcy) because the student-borrowers were still in school and their loans in the incubation stage (deferment). [read post]
19 May 2017, 12:23 pm by WOLFGANG DEMINO
., Appellants,v.FINANCIAL FREEDOM SENIOR FUNDING CORPORATION; FINANCIAL FREEDOM ACQUISITION, LLC; AND FEDERAL NATIONAL MORTGAGE ASSOCIATION A/K/A FANNIE MAE, Appellees. [read post]
2 Jun 2015, 8:55 am by Allison Tussey
One of Sanabria’s preferred customers was Israel Hechter, the owner of San Diego-based mortgage investment firms Ocean 18, LLC, and Note Tracker Corporation. [read post]
1 Oct 2014, 7:30 pm by Jordan Bublick
GMAC Mortgage, LLC, 735 F.3d 1263 (11th Cir. 2012) in which the Court held that it was bound by the "prior panel precedent" rule to apply its prior decision in Folendore v. [read post]
6 Jan 2014, 6:44 am by MBettman
GMAC Mortgage, LLC, et al. # 2011-0890, which was stayed because of GMAC bankruptcy proceedings. [read post]
5 Jul 2013, 9:24 am
Category: Recent Decisions;Foreclosure Opinions Body: AC34764 - GMAC Mortgage, LLC v. [read post]
7 Jun 2013, 3:40 pm by Cicely Wilson
GMAC Mortgage, LLC, Oregon Supreme Court (6/6/13)Constitutional Law, Real Estate & Property LawThe issue before the Supreme Court in this case centered on nonjudicial foreclosure of trust deeds under the Oregon Trust Deed Act (OTDA) and the mortgage finance industry’s practice of naming the Mortgage Electronic Recording System, Inc., (MERS), rather than the lender, as a trust deed’s “beneficiary. [read post]
6 Jun 2013, 5:01 pm by Alan Spinrad
        Oregon Supreme Court Paves Way for MERS to Foreclose Nonjudicially The Oregon Supreme Court, in 2 cases (Brandrup v Recontrust, 353 Or___, and Niday v GMAC Mortgage, LLC, 353 Or ___[June 6, 2013]) has ruled that MERS (Mortgage Electronic Registration Systems) is... [read post]
28 Jan 2013, 12:59 pm by Rich Vetstein
GMAC Mortgage LLC, et al., 11 MISC 447901 (embedded below) and was recently appealed by noted foreclosure attorney, Glenn Russell, Esq., who represented the prevailing homeowners in the landmark U.S. [read post]
30 Jul 2012, 8:12 am by Editorial Board
The underlying FHFA complaint alleges that defendants (including Ally Financial, Ally Securities, and GMAC Mortgage) made false or misleading statements or omissions in the offering materials for $6 billion worth of RMBS. [read post]
23 Jul 2012, 4:10 pm by Lori Bauman
GMAC Mortgage, LLC, the defaulting homeowner filed suit to stop a foreclosure, claiming that the holder of the promissory note was not the original lender, and that the assignment of the note had not been recorded with the county. [read post]