In a significant legal victory for lenders, the Supreme Court of New York recently ruled in favor of our lender client in a residential foreclosure action against the estate of its borrower. This decision confirms that...more
4/8/2025
/ Borrowers ,
Consumer Financial Products ,
Decedent Protection ,
Estate Planning ,
Fiduciary Duty ,
Financial Services Industry ,
Foreclosure ,
Lenders ,
Mortgages ,
New York ,
Notice Requirements ,
NY Supreme Court ,
Probate ,
Summary Judgment
In a recent decision, the Supreme Court in Queens County denied lender’s motion for summary judgment and appointment of a referee to compute in a foreclosure action, finding triable issues of fact, underscoring the importance...more
1/22/2025
/ Borrowers ,
Commercial Litigation ,
Consumer Financial Products ,
Damages ,
Debt Collection ,
Default ,
Equitable Relief ,
Financial Services Industry ,
Foreclosure ,
Loans ,
Mortgage Lenders ,
Real Estate Transactions ,
Summary Judgment
This article discusses a recent court decision upholding a lender’s contractual rights and a borrower’s obligations concerning a cooperative loan and shareholder agreement. The case highlights the importance of clear...more