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A Practitioner’s Guide to Understanding Interest

April 12th, 2017 While prohibited in some religious traditions,1 interest is one of the most pervasive concepts in the American economy. Seemingly simple on its surface, it presents a bewildering amount of complexity as soon as one digs into its legal implications. Real Estate practitioners must know the rules of interest when negotiating a mortgage  Full Article…

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Acceleration Clauses in Foreclosure Actions: New Rules

The use of an acceleration clause in a mortgage foreclosure action provides an important and expedient tool when foreclosing on a property. This article focuses on recent case law and discusses some of the benefits and pitfalls when using an acceleration clause and how to overcome these obstacles. Under New York CPLR §213(4), a mortgagee  Full Article…

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