Category: Articles

By Pam SosaOwner, Standard Mortgage Financial Services, Inc. As part of the Corporate Transparency Act, the rule requiring the filing of a Beneficial Ownership Information Report (“BOI”) became effective January 1, 2024. Under...

By Arnold L. Graff, Esq. and T. Robert Finlay, Esq. Wright, Finlay & Zak, LLP For years now, California, as well as many of its cities and counties have waged an outright war on a property owners right to evict tenants. Now,...

By Dennis H. Doss, Esq. and Christopher J. Donovan, Esq.Doss Law, LLP The number one source of claims we are seeing in the private money world are coming from owner-occupied business purpose loans.  This is a loan secured...

By Marc DornelesProperty Casualty Insurance Advisor To say that Cyber insurance is a hot topic and a current enduring trend, is a major understatement. It might even be difficult to imagine that its significance as an urgent...

By T. Robert Finlay, Esq.Wright, Finlay & Zak, LLP n the private lending world, investors often hold loans in their personal names, their family trusts or the name of their investing Limited Liability Corporation (“LLC”). If...

By Michelle R Rodriguez, Esq.Wright, Finlay & Zak, LLP Agency relationships in the mortgage context are complicated and, if not paid careful attention to, can expose brokers to significant legal consequences. Mortgage...

By Todd E. Chvat, Esq. and T. Rober Finlay, Esq.Wright, Finlay & Zak, LLP SB 567 directly impacts two sets of property owners – Fix and Flip investors planning to substantially remodel or rebuild a property for resale AND...

By Melissa Richards, Esq. and Michael Flynn, Esq.Buchalter1 Misclassifying a consumer-purpose loan as a business-purpose loan can have serious risks and consequences. As is well known, business-purpose loans are exempt from the...

Part 2: Multiple Bankruptcy Filings By Benjamin R. Levinson, Esq.Law Office of Benjamin R. Levinson In the last issue of Points of Interest I discussed a few common questions I often field from lenders and brokers over my many...

By Michael D. Belote, Esq.CMA Legislative Advocate Musical Chairs Term limits. Popular with the public, with lobbyists not so much. While the prior system, where legislators might stay in office for decades, clearly led to...

Effective January 1, 2021, California enacted a secondary auction process for residential foreclosure sales.1 Previously, the foreclosure sale was complete, and the highest bidder was deemed the successful purchaser when the...

By Nema Daghbandan, Esq.Geraci LLP As many of you are aware, LIBOR (the London Interbank Offered Rate) was phased out on June 30, 2023. Congress passed the “Adjustable Interest Rate (LIBOR) Act” in March 2022, and the Federal...