Posts from May 2014.

Chief Judge Karen S. Jennemann of the United States Bankruptcy Court for the Middle District of Florida, Orlando Division recently held in a soon-to-be published opinion that chapter 7 debtors who state an intention to surrender real property to the mortgagee must perform on that intention by not impeding or interfering with the state court foreclosure process. In the case, In re Plummer, - B.R. -, 2014 WL 1248039 (Bankr. M.D. Fla. March 25, 2014), the Bankruptcy Court also held that, while the statute is not a mere notice provision, surrender does not require a debtor to take any ...

In Alaimo v. HSBC Mortgage Services, Inc., 2014 WL 930787 (S.D. Fla. March 10, 2014) the Honorable Robert N. Scola extended his previous decision in Signori v. Fed. Nat'l Mortg. Assoc., 934 F.Supp.2d 1364, 1367 (S.D.Fla. 2013) holding that an assignee of a mortgage loan cannot be held liable for its servicer's violation of section 1641(f)(2) of the Truth in Lending Act ("TILA") or section 226.36(c)(1)(iii) or Regulation Z. Section 1641(f)(2) requires a servicer to identify and provide certain contact information for the owner or master servicer of a borrower's loan upon written ...

Posted in: Florida, TILA
Tags: florida, tila
In U.S. BANK NATIONAL ASSOCIATION v. PATRICIA J. BARTRAM, et al., Case No. 5D12-3823, Florida's Fifth Circuit Court of Appeals added much needed clarity to the question of when a foreclosure action is time-barred by the applicable statute of limitations. As the height of Florida's foreclosure crisis gets further behind us, more and more lenders and loan servicers are finding themselves with foreclosure cases over five years old and wondering if the statute of limitations will present a problem. In some cases, borrowers are going on the offensive and asserting that such loans are not ...
Posted in: Florida, Mortgages

The U.S. Court of Appeals for the Eleventh Circuit recently upheld a lower court's denial of a bank's motion to compel arbitration of a dispute between the bank and a depositor concerning alleged excessive overdraft fees. To reach its decision in Dasher v. RBC Bank (USA), Case No. 13-10257 (11th Cir. Feb. 10, 2014), the Eleventh Circuit largely relied on basic state contract law. Prior to the lawsuit, the bank entered into an account agreement with the depositor which contained a broad arbitration clause. The account agreement contained a termination clause which provided that ...

In Hunter v. Aurora Loan Services, LLC, Case No. 1D12-6071 (Fla. 1st DCA March 4, 2014), the First District Court of Appeals found that a lender must lay the necessary foundation under the business records exception to admit documentation from a prior servicer into evidence. Florida Statutes, § 90.803(6) states that the party seeking admission of hearsay under the business records exception must establish four things. First, that the record was made at or near the time of the event; second, that the record was made by or from information transmitted by a person with knowledge; third ...

Posted in: Florida, Mortgages

In Payne v. Progressive Financial Services, Inc., No. 13-10381 (5th Cir. 2014), the United States Court of Appeals for the Fifth Circuit reversed and remanded a Texas district court's dismissal of the plaintiff's suit for lack of subject-matter jurisdiction on the ground that the defendant's unaccepted offer of judgment rendered the plaintiff's claims moot. Plaintiff Nicole Payne alleged violations of the Fair Debt Collection Practices Act ("FDCPA"), the Texas Debt Collection Practices Act, and the Texas Deceptive Trade Practices Act in her suit against Defendant Progressive ...

Posted in: FDCPA, Fifth Circuit
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