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.
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 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 MoreSubsequent Purchasers Liable For Mortgage Lien Despite Existence Of Mortgage Satisfaction Piece
Whenever real estate is purchased, the buyer should obtain title insurance to protect their interest in the…
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…
Read MoreLenders Have An Interest In The Post-Judgment Rate
In Pennsylvania, once a mortgage foreclosure claim is reduced to judgment, the legal interest rate of six…
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