Category Archives: MORTGAGE FORECLOSURE

Update: Uber Driving Medallion Taxis Underwater!

banking,taxi medallions,Uber,Lyft

Several weeks ago an article titled, ‘Because Of Uber, Are Taxi Medallion Lenders A Shorting Opportunity?‘ examined the painful impact that Uber is having on the taxi medallion financing industry! Not to mention the pain being caused due to a loss in the ability of the drivers who lease the taxis from the owners to make a living […]

Foreclosure takes an emotional toll as well as a legal and financial one

Foreclosure and ALL its potential ramifications beyond simply losing a home Whenever I receive a new article from Mandelman Matters I know that it will at the very least be informative and sometimes, as it was this morning, an important read for a variety of other reasons. Having recently taught a CLE class on the […]

MERS takes a hit in N.Y. decision In re: Ferrel L. Agard in the Bankruptcy Court in the Eastern District of New York

While this decision does not help Ms. Agard (due to Res judicata) it does seriously call into question the validity of MERS assigning mortgages on behalf of its members/lenders. These are some excerpts from the decision which can be read in its entirety here. “…The Court recognizes that an adverse ruling regarding MERS’s authority to […]