This case involves a dispute between a borrower, a purported lender and the purported lender’s funder regarding a commercial loan, and the aftermath caused by the borrower’s default on the loan. The borrower brought claims against the purported lender and the lender’s funder, for unfair business practices and violation of the Massachusetts anti-usury statute. RF […]
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In the Supreme Judicial Court case of James B. Nutter & Company vs. Estate of Murphy, et. al. (and two consolidated cases) dated January 18, 2018, the SJC had to decide if the language in a reverse mortgage incorporated the statutory power of sale as required by M.G.L c. 183, sec. 21 allowing the lender […]
In the aftermath of the 2008 recession, the bursting of the housing bubble, and the decline in the value of real estate, governments have taken various steps to assist and support homeowners in keeping their homes. In early 2009, under the authority of the Financial Stability Act of 2009, the U.S. Department of the Treasury […]
