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Property Law and Real Estate

Property Law

SelectedWorks

Publication Year
Publication

Articles 1 - 2 of 2

Full-Text Articles in Law

Modernizing Mortgage Foreclosure Law: A Call For Transparency And An End To The Payment Rule, Matthew M. Heekin Jan 2014

Modernizing Mortgage Foreclosure Law: A Call For Transparency And An End To The Payment Rule, Matthew M. Heekin

Matthew M. Heekin

The global financial crisis--which arose in great measure from millions of bundled mortgage loans which randomly commingled arrays of toxic subprime mortgages with soundly underwritten “normal” loans and marketed securities derived from these bundles—led directly to the foreclosure epidemic we continue to face. The bursting of the derivatives bubble which spawned this epidemic has now revealed a major legal pitfall in mortgage foreclosure laws.

A traditional legal rule forces the foreclosing lender to produce the original signed mortgage note to prove that it holds the legal right to foreclose or otherwise enforce remedies on the defaulted debt. This is the …


Singapore Law Watch - Govt Has An Override In Land Ownership (Forum), Linus Koh Jan 2012

Singapore Law Watch - Govt Has An Override In Land Ownership (Forum), Linus Koh

Linus Koh

No abstract provided.