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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 5 – Commercial Foreclosures 101

Jimerson Firm

Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. 702.015(4) , Fla. York, 903 So.

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Certification of Original Promissory Note is Required To Bring a Mortgage Foreclosure Action

Jimerson Firm

In 2013, the Legislature enacted Section 702.015 , Florida Statutes, which sets forth new pleading requirements for residential foreclosure actions. At that time, the Legislature requested the Florida Supreme Court to amend the Florida Rules of Civil Procedure to provide expedited foreclosure proceedings in conformity with Section 702.015.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

In order to address this gap, lenders are in a unique position to help provide customers with educational content that not only improves customers’ financial literacy but helps with their own retention and acquisition strategies by building and maintaining customer trust and loyalty.

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CFPB Report Highlights Supervisory Findings of Wide-Ranging Violations of Law in 2020

Collection Industry News

Examiners found foreclosure issues. Bureau examiners found several violations of the mortgage servicing rules in Regulation X, including instances of some servicers making the first notice or filing for foreclosure when it was prohibited. As demonstrated by CFPB’s complaint against Townstone Financial, Inc., important; }.

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Burr & Forman Names 9 New Partners Across Georgia, Alabama, South Carolina and Florida

Burr Forman

His practice focuses on all aspects of corporate law, including mergers, acquisitions and dispositions, joint ventures, corporate formations and reorganizations, corporate governance, contract law, and financing transactions (including angel investments, private placements, and venture capital investments). Campbell Moot Court Board.

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Successors by Merger May Not be Debt Collectors

Consumer Financial Services Law

the consumer brought an FDCPA claim against BoA based upon its actions in a foreclosure suit and an underlying mortgage which originated with Countrywide. The acquisition by merger was a key factor for the court which also relied upon prior Fifth Circuit precedent, Brown v. In Jackson v. Bank of America, N.A., Morris , 243 Fed.

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Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. Their greed eventually reached a point where many homeowners could not make their mortgage payments causing foreclosures, and eventually, a recession. The company had bet on making money by buying smartphone stores.

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