junior lien | firsttuesday Journal

Brokerage Reminder: Bone up on property profiles

by ft Editorial Staff | Mar 18, 2022 | Brokerage Reminder, Real Estate | 0

A weekly reminder to stay on top of your practice!

When does the amount owed on a judgment lien become fixed?

by ft Editorial Staff | Feb 29, 2016 | Real Estate, Recent Case Decisions | 0

Recent Case Decision: A divorced spouse obtains a spousal support judgment against their former partner. The former partner later purchases a residential property. A judgment lien attaches to the title of the property due to the spousal support judgment. The amount of the judgment lien becomes fixed at the time the property is either encumbered or sold.

May a junior lien on a property be extinguished in Chapter 7 bankruptcy when the debt on the senior lien exceeds the property’s FMV?

by ft Editorial Staff | Feb 17, 2016 | Finance, Laws and Regulations, Real Estate, Recent Case Decisions | 1

Bank of America v. Caulkett Facts: A homeowner obtains two mortgages to fund their purchase of a...

Must a court-appointed receiver record a lien on a property to ensure payment?

by Matthew Shade | Nov 26, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

A city inspected an incarcerated owner’s rental property and determined repairs were required to protect the safety of its residents. The court appointed a receiver.

Assignee barred from collecting on junior lien default after non-judicial foreclosure sale

by Jeffery Marino | Jul 19, 2012 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

Facts: A lender provided purchase-assist financing to a borrower secured by a first and second...

Fannie and Freddie can’t keep up the PACE

by ft Editorial Staff | Jul 16, 2010 | Real Estate | 0

The current administration has implemented a new program to help homeowners install energy improvements and then pay them back over time. $150 million of stimulus money has been devoted to the program, known as Property Assessed...