Consent to a Sale for Less than the Mortgage Debt Doesn’t Waive a Deficiency Claim
A secured lender need not obtain a deficiency judgment to retain a claim against an insurer for a shortfall in a bankruptcy sale, Bankruptcy Judge Grossman says.
Texas Capital Bank Sues Ginnie Mae Over $28 Million Bankruptcy Loan
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Reverse-Mortgage Suit Claims Feds Reneged on Loan Promises
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Homeowners Flock to Last-Resort Insurance Policies
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Company Accused of Scamming Homeowners Files for Bankruptcy
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How U.S. Households Got Turned Upside Down by Higher Interest Rates
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Chapter 7 Debtors Have No Appellate Standing to Challenge a Short Sale, Circuit Says
Ninth Circuit doesn’t allow debtors to appeal when a trustee sells their home out from underneath them in a short sale.
Court:
Rising Home Values and Chapter 13: A Deepening Split
When, post-confirmation, a chapter 13 debtor sells his or her home, who gets the benefit of the appreciation: the debtor, or his or her creditors? Judge Randon in Michigan adopted the so-called “estate replenishment approach” and held that sale proceeds derived from post-confirmation appreciation of a home belong to the debtor.
SEC Probes Major Lender Over Mortgage-Backed Securities Sold to Wall Street
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