Tag Archives: avoidance action

The Continuing Saga of Mortgage Errors: Not All “Boo-Boos” Are Fatal

The Willows II, LLC v. Branch Banking & Trust Co. (In re The Willows II, LLC), 485 B.R. 528 (Bankr. E.D.N.C. 2013) – A deed of trust defined the secured indebtedness as a note and related documents, together with future advances.  … Continue reading

Posted in Financing, Real Estate | Tagged , , | Leave a comment

Deed in Lieu: Sometimes It Works, and Sometimes It Doesn’t (Round 2)

In re Kaltenheuser, 474 B.R. 305 (Bankr. D. D.C. 2012) – In Kaltenheuser, a deed in lieu of foreclosure was executed and placed in escrow in connection with a settlement agreement approved by a state court order.  If the mortgagor failed … Continue reading

Posted in Financing, Real Estate | Tagged , , , | Leave a comment

Deed in Lieu: Sometimes It Works, and Sometimes It Doesn’t (Round 1)

4100 West Grand LLC v. TY Grand LLC (In re 4100 West Grand LLC), 481 B.R. 444 (Bankr. N.D. Ill. 2012) – In West Grand the debtor attempted to have a deed in lieu of foreclosure set aside as a fraudulent … Continue reading

Posted in Financing, Real Estate | Tagged , , , | Leave a comment

Mortgage Execution Errors: If You Make a Mistake, Try Not To Do It in Ohio

McClatchey v. GMAC Mortgage, LLC (In re Lacy), 483 B.R. 126 (Bankr. S.D. Ohio 2012) – Lacy is one more in a long list of cases where an Ohio mortgage was attacked based on defects in execution.  Although the Ohio statute … Continue reading

Posted in Financing, Real Estate | Tagged , , | Leave a comment

Mortgage Legal Descriptions: When Is a “Boo-Boo” Fatal (Round 2)?

Huskey v. Citimortgage, Inc. (In re Huskey), 479 B.R. 827 (Bankr. E.D. Ark. 2012) – Even minor errors can potentially lead to avoiding a mortgage in a bankruptcy.  In this case the debtors tried several avenues of attack to avoid a … Continue reading

Posted in Financing, Real Estate | Tagged , , | Leave a comment

Mortgage Legal Descriptions: When Is a “Boo-Boo” Fatal (Round 1)?

In re Thulis, 474 B.R. 668 (Bankr. W.D. Wis. 2012) – Typically an unrecorded mortgage will be void as against a bona fide purchaser under state law.  This in turn will allow an unrecorded mortgage to be avoided in a bankruptcy using … Continue reading

Posted in Financing, Real Estate | Tagged , , | Leave a comment