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We are nearing the 10-year anniversary of the bona fide prospective purchaser (BFPP) defense, and still many questions abound regarding the use of the...
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We are nearing the 10-year anniversary of the bona fide prospective purchaser (BFPP) defense, and still many questions abound regarding the use of the...
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The Massachusetts Supreme Judicial Court ruled this week that owners of property whose titles have been rendered defective due to improper foreclosure...
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In accordance with Section 122(i) of the Comprehensive Environmental Response, Compensation, and Liability Act, as amended (``CERCLA''), 42 U.S.C. 9622(i), notice is hereby given of a proposed administrative settlement for recovery of past and projected future response costs concerning the ICG Castings, Inc., Dowagiac site in Dowagiac, Michigan with the following settling party: The City Of Dowagiac Brownfield Redevelopment Authority. The settlement requires the settling party to pay $25,000 to the Hazardous Substance Superfund and requires the performance of specified response activities for the site. The settlement includes a covenant not to sue the settling party pursuant to Sections 106 and 107(a) of CERCLA, 42 U.S.C. 9606 and 9607(a). For 30 days following the date of publication o...
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REAL PROPERTY - priority of vendee's equitable lien over subsequent mortgage; mortgagee's prior knowledge of equitable lien; requirements to be bona fide purchaser; actual or constructive knowledge.
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In a Chapter 13 case, where a mortgage contained a typographical error, the trustee moved for summary judgment to avoid the mortgage. The court determined the trustee was not a bona fide purchaser for value and could not avoid the mortgage.
Reviewing the facts in George M. Reiber v. Option One Mortgage Corp., U.S. Bankruptcy Court, Western District of New York Chief Judge John C. Ninfo, II determined that based on the facts, circumstances and assumptions in this case, a professional title search would effectively examine the chain of title for the debtor and the residence by using an electronic search program.
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The Massachusetts Supreme Judicial Court ruled this week that owners of property whose titles have been rendered defective due to improper foreclosure...
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Anyone who has been involved in a real estate transaction relating to commercial or industrial property has likely dealt with conducting "All Appropri...
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Anyone who has been involved in a real estate transaction relating to commercial or industrial property has likely dealt with conducting "All Appropri...