In Pennsylvania, the general rule is that “a warrant of attorney to confess judgment may not be…
Read MoreThe Latest Legal Developments in PA and NJ
We have our fingers on the pulse of the latest legal news, rulings, and regulations in Pennsylvania and New Jersey. Explore our free resources to stay up to date on the developments impacting your personal and business lives.
Lost Promissory Note Focus Of Superior Court’s Decision In ‘Rao’
Loan Transaction Lawence J. Rao Jr. is the owner of record of a property located in Philadelphia….
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Court: No Duty To Disclose Unrecorded Loan Documents
Late last month, in LEM2Q v. Guaranty National Title, 2016 Pa. Super. LEXIS 413 (July 28, 2016),…
Read MoreBank Fails To Adhere To Condition Precedent In Loan Documents
One of the most oppressive tools available to commercial lenders is what is called a warrant of…
Read MoreLoan Docs To Failed Condo Project Are Against Married Couple
With every successful real estate development project, there are many more that do not go according to…
Read MoreMortgage Lender, Broker Absolved For Loan Irregularities
Nowadays, there is at least one newspaper or television account of how the residential mortgage crisis was…
Read MoreDeveloper Cannot Sue In Federal Court To Challenge State Court Judgment
In Flannery v. Mid Penn Bank, the U.S. District Court for the Middle District of Pennsylvania recently…
Read MoreBorrower May Be Excused From Returning Loan Proceeds Under TILA
Many homeowners borrow money as a second mortgage so as to purchase their house, pay for home…
Read MoreLender Not Responsible For Misconduct Of Its Mortgage Broker
In shopping for a mortgage loan, most potential borrowers do not deal directly with mortgage lenders. Rather,…
Read MoreLocal Bank Faces Reprimand Over Act 6 And 91 Foreclosure
In Wachovia Bank v. Marone, the Philadelphia County Court of Common Pleas recently reprimanded a local bank…
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