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...