Tag Archives: Foreclosure

Relief for Securitization Vehicles: Mortgage Modification under Foreclosure Prevention Program

In a recently-issued Revenue Procedure (Rev. Proc. 2008-28), the IRS states that the modification of certain mortgage loans under foreclosure prevention programs involving, for example, interest rate reductions, principal forgiveness, extensions of maturity and alterations in the timing of changes … Continue reading

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Navigating Commercial Tenant's Rights in Landlord's Foreclosure Case

 Is a commercial tenant's lease protected if the landlord's building is foreclosed?   Read our latest blog post to find the answer. Read more detail on Recent Business Law posts –

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Confusion Still Looms in Illinois Over Past-Due Association Assessments After Foreclosure

Three years ago, the Illinois Supreme Court shook up foreclosure professionals when it affirmed the appellate court in 1010 Lakeshore Ass’n v. Deutsche Bank Nat’l Trust Co., 2015 IL 119372, 398 Ill. Dec. 95, 43 N.E.3d 1005 (“1010 Lakeshore”), to … Continue reading

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Comic Tackles Foreclosure Crisis

The renegade comic strip “Brewster Rockit” puts a sardonic twist on the subprime mortgage crisis. Read more detail on Legal News Directory – Bankruptcy Law

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Tenants Facing Foreclosure Protected by New Federal Law

Most Tenants Facing Foreclosure Now Have Some Protection, at Least for 90 Days On May 24, 2018 a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) was signed into federal law.  The PTFA enables renters whose homes were … Continue reading

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