Illinois court holds that a mortgagee can execute on an assignment of rents provision…

An Illinois appellate court construed the applicable statute on assignment of rents and concluded that a mortgagee can enforce an assignment of rents provision without taking actual or constructive possession of the property if the mortgagee and mortgagor agree by, for example, a forbearance agreement. In BMO Harris Bank N.A.…

Read More »

Launch of Our New – Mortgage Compliance and Transaction Program

We are happy to announce the launch of our new Mortgage Compliance and Transaction Program. The Mortgage Compliance and Transaction Program is focused on providing high quality and cost efficient legal services for mortgage lenders, investors and servicers. The Program was particularly designed to meet the needs of small and…

Read More »

Launch of Our New Website – MortgageCompliance.Law

We are happy to announce the launch of our new platform MortgageCompliance.Law, a website dedicated to serving mortgage lenders, investors and servicers. MortgageCompliance.Law provides its users with legal updates that are specifically relevant to the mortgage industry and tools to assist in mortgage regulatory compliance. MortgageCompliance.Law will continue to grow…

Read More »

Illinois Appellate Court holds that condominium law puts no time limit on when the…

In 5510 Sheridan Road Condominium Association v. U.S. Bank, 2017 IL App. (1st) 160279 (March 31, 2017) the First District Appellate Court clarified some confusion over how Section 9(g)(3) of the Condominium Property Act (765 ILCS 605/9(g)(3)) operates to foreclose an assessment lien and concluded that when the foreclosure sale…

Read More »

Mortgagee’s failure to comply with Massachusetts’s post foreclosure notice requirments did not render foreclosure…

In Turra v. Deutsche Bank Trust Co. Americas, 476 Mass. 1020, 68 N.E.3d 631 (Jan. 30, 2017) the Massachusetts Supreme Court held that a mortgagee’s failure to provide post-foreclosure notices required by statute did not render the foreclosure void. The mortgagor contended that the completed foreclosure of her home was…

Read More »