Affordable Housing Laws May Presage Foreclosure Activity
As part of the on-going discussions around foreclosure law, issues around housing affordability are often raised.
New Supreme Court Case of Bank of America N.A. v Caulkett: A “Tempest in a Tea Pot” or New Opportunity for Secured Creditors?
The recent opinion of the Supreme Court case of Bank of America, N.A. v Caulkett (United States Supreme Court, Docket # 13-1421, decided June 1, 2015), denied claims by a debtor that a wholly unsecured second position lien could be avoided/stripped in a Chapter 7 proceeding.
Nevada Requires Posting within 5 Days of NOS
A new law, signed by Nevada Governor Brian Sandoval, adds the following posting requirement after recording the TDUS: “Within 5 days after recording the trustee’s deed upon sale, the trustee or successful bidder, whoever recorded the trustee’s deed upon sale pursuant to subsection 10, shall cause a copy of the...
FHA Issues New Reverse Mortgage Rules To Keep Non-Borrowing Spouses in Homes After Surviving Borrower Dies
The Federal Housing Administration (FHA) announced changes to its reverse mortgage program designed to keep non-borrowing spouses in their homes after the last surviving borrower dies. Earlier this year, FHA issued guidlines that allows FHA-approved lenders to delay foreclosure proceedings against non-borrowing spouses in the event of the death of...
Eight UTA Members Are Certified Trustee Sale Officers
UTA held its Level I Certification class for California on May 30, 2015 in Santa Ana. The class was taught by UTA President, Randy Newman, Esq., Total Lender Solutions. Congratulations to the following eight UTA members who passed the exam and received their Level I certification from UTA. They are...
UTA Amicus is Victorious in Washington
The Western District Court of Washington has reversed the Bankruptcy Court’s decision in Meyer v. U.S. Bank in its entirety. UTA had filed an amicus brief in the case. Ann Marshall, Esq., of Bishop, Marshall & Wiebel, filed the brief on behalf of the Association.
Change Your Arizona Foreclosure Documents Before The Fourth of July, 2015!
Through a compromise or concession, depending on your viewpoint, the new version of the Arizona statute that defines the required content of your Notice of Sale now includes the following additional warning language.
UTA Submits Amicus Brief in Case Involving Title Claim
UTA has submitted an amicus brief in the case of Yvanova v. New Century Mortgage Corporation. The brief was drafted and filed by Jonathan D. Fink, Esq., Wright Finlay & Zak, on behalf of UTA.
Orange County Dinner Features Panel On Trustee File Transfers
56 members attended UTA’s Orange County dinner on April 23rd. The dinner featured a discussion on Trustee File Transfers led by Robin Wright, Esq., of Wright Finlay & Zak; Chris Akin of Ticor Title; Chris Bolger of Pacific Coast Title; Cathe Cole-Sherburn of Trustee Corps; and Kayo Manson-Tompkins, Esq., of...