Alerts
Amendments to Wisconsin Foreclosure Law Shorten Redemption Periods and Modify Procedures for Abandoned Properties
February 23, 2017 | Charles A. Walgreen, Esq.Significant changes have been made to redemption periods for Wisconsin non-commercial mortgages executed on or after April 27, 2016, in addition to modifications to the procedures for the sale of abandoned properties. The impacted area of state law went into effect on the same date in 2016 through enactment of 2015 Wisconsin Act 376....
Read MoreLending Institution Hit with $375,000 Penalty for Violating Federal Bankruptcy Rule
December 7, 2016 | Milos Gvozdenovic, Esq.According to Federal Bankruptcy Rule 3002.1, holders of secured claims on a Chapter 13 debtor's primary residence are required to file a detailed notice with the court for recovery of all post-petition fees, expenses and charges it seeks to recover from the debtor. The purpose of this requirement is "to promote further transparency and more emphatically safeguard debtors' fresh starts."...
Read MoreLenders May Recover Excess Bid Money Following Michigan Appellate Court Decision
October 25, 2016 | Daniel E. Best, Esq., Stuart A. Best, Esq.Typically when a property is entering foreclosure, it is sold at auction at a sheriff's sale. Lending institutions, such as banks, hope to recover money lost when the borrower stopped making payments on their mortgage. Usually the lender will set the opening bid at either the balance of the loan, or the fair market value of the property, whichever is less....
Read MoreWhat Do the Revisions to Ohio's Foreclosure Procedures Mean for Creditors?
September 13, 2016 | Larry R. Rothenberg, Esq.In an abrupt move to beat the summer recess, the Ohio legislature passed H.B. 390, which becomes effective September 28, 2016. Despite the bill's title, "Sales tax-exempt sale of natural gas by municipal gas company," the 212-page bill includes numerous provisions applicable to Ohio's foreclosure procedures, affecting the options available for creditors. Among the significant new provisions are a procedure to expedite foreclosures on vacant and abandoned residences, and a standardized process to request the use of a private selling officer (in lieu of the Sheriff) to conduct the sale. While the details are too extensive to cover completely here, I have highlighted some of the main points. To discuss the new bill in greater detail, please contact Mr. Rothenberg directly....
Read MoreUPDATE: Ohio Medicaid Eligibility Changes to Significantly Increase Need for Qualified Income (Miller) Trusts
July 12, 2016 | Sara M. Costanzo, Esq.Income requirements for Medicaid eligibility will change as the result of rule amendments recently announced by the Ohio Department of Medicaid. Previously, only individuals with a disability who fell into a specified income range were eligible for Medicaid. Under the new rules, individuals who qualify for federal Supplemental Security Income will automatically qualify for Medicaid....
Read MoreHow are Venues for Civil Lawsuits Chosen in Ohio?
June 2, 2016 | Amanda R. Yurechko, Esq.For the simple fact of convenience, most Ohio plaintiffs prefer the court where their case will be tried to be near them. It is frustrating for plaintiffs to ask witnesses to appear at a trial, or to attend a hearing, across the state. However, the plaintiff's preferred trial court is not always an option due to venue requirements as outlined in the Ohio Rules of Civil Procedure....
Read MoreFirm News
- Weltman Shareholder James G. Kozelek Elected Recording Secretary for the Commercial Law League of America
- Weltman, Weinberg & Reis Co., LPA Welcomes Attorney Courtney A. Martin to Philadelphia Office
- Weltman's Jason K. Wright Expands Firm's Bankruptcy Footprint to Include Arizona Courts
- Managing Shareholder Scott S. Weltman Testifies in front of the House Committee on Financial Services
- Weltman, Weinberg & Reis Co., LPA Attorney Charles Andrew Walgreen Named to 2019 List of Illinois Rising Stars
Insights
- Proposed Changes to Ohio's Statute of Limitations on Contracts Raises Concerns for Creditors
- A Creditor's Guide to Ohio's Name and Gender Marker Change Process
- Revisiting the "Debtor Prison"
- Cobo and the Single Refiling Rule: Pick Your Remedy and Order It Carefully
- H.R.5082 Proposes Change to FDCPA and CFPB