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The post Court bans BoC from foreclosing, citing existence of older ruling appeared first on Cyprus Mail .
9-504 -- This section of the law is the more common method for foreclosing upon a co-op, Under this section, the lender may dispose of the collateral at a public or private sate, as long as it does so in a commercially reasonable manner.
Because there had been no claim under its policy and the payment of the Series A Notes was voluntary, MBIA accounted for the cost of foreclosing on and purchasing the ETCs as an investment rather than as a paid loss for both statutory and GAAP purposes.
Parallel to our filing, HUD was in the process of foreclosing on the property and scheduling an auction for its sale as a rental property.
LFSI), a national provider of proactive default and foreclosure services, is forming an industry committee to rally for change of the Fair Debt Collection Practices Act as it pertains to the collection of defaulted and foreclosing residential mortgages.
None of the parties involved in foreclosure proceedings - the property owner, the foreclosing bank, nor the court-appointed receiver - made the property secure so as to avoid vandalism.
The City and District sought to collect special taxes due as a result of the delinquency of the Oxnard Town Center by foreclosing on the delinquent property.
Investors have already purchased the note on one Queens property with an eye on foreclosing, said the board's attorney Abbey Goldstein, partner in Goldstein & Greenlaw.
Although not talking about mortgage foreclosure sales, his words carry a message both for foreclosing lenders and purchaser at foreclosure sales.
In the 1930s, graphic photos showed bankers foreclosing on family farms and parents with small children evicted along with their few pitiful possessions.
Thus, this grim situation looks hopeless, with the mortgage holder seriously considering foreclosing on the property to stem its losses while the cooperative development contemplates filing a bankruptcy petition in an attempt to preserve the cooperative status of the property.