Items Tagged with 'Contract law'

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Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew...

Three years after loan consummation, a borrower is able to file a lawsuit seeking rescission as long as the borrower has sent a written notice of...

Lawyers who regularly handle mortgage foreclosures in the Sixth Circuit are considered 'debt collectors' by the jurisdiction's top court, making them potentially liable under the Fair...

No matter how you cut the cake, Bank of America [stock BAC] [/stock] could be on the hook for billions of dollars in damages as the...

[Update 1: Corrects that the court ruling came from a trial court and not from the state's supreme court.]Massachusetts real estate agents and lawyers should now...

Mortgage servicers started modifications on 70% of the second liens eligible for the Home Affordable Modification Program, but many are still left out, according to Treasury...

The Consumer Financial Protection Bureau is investigating the use of arbitration clauses within mortgage lending and other consumer finance documents. The agency officially rolled out a public...

The Consumer Financial Protection Bureau jumped into the fray this week over a Truth in Lending Act loan rescission case on behalf of the borrower, but an attorney...

After last week’s column here glossed over issues surrounding whether mortgage notes were properly transferred into trusts, and suggested that a good argument existed for the validity of securitization trusts based on input from sources I spoke with and quoted, Naked Capitalism’s Yves Smith posted a dismissive retort that characteri

LeaseTrader.com, a third party car lease database, recently released a report that analyzes the financial stability of an industry by the car leases its industry employees are terminating. The report found that 43% of Realtors are "escaping" their expensive car leases in 2010, down from 68% in 2008, while 32% of financial executives are following suit, down from 63% in 2008. Hallelujah, the housing finance industry is stabilizing!