On October 4, 2018, the New Jersey Appellate Division held that a mortgage loan servicer’s failure to include the name and address of the lender in a Notice of Intention to Foreclose (“NOI”), which is a violation under the Fair Foreclosure Act (“FFA”), could serve as the basis for suit under New Jersey’s Truth-In-Consumer Contract, […]
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Non-performing residential loans that are often shunned for their associations with the toughest local workout laws have become a priority for Distressed Capital Management, said CIO Matthew Browndorf. DCM, an Irvine, California component of Plutos Sama LLC, recently raised hundreds of millions of dollars to begin building a portfolio of NPLs in “judicial” states where […]
IRVINE, Calif.(BUSINESS WIRE)Plutos Sama, LLC announced today that it has completed the acquisition of J Peterman Legal Group, LLC (“JPLG”), a law firm in Wisconsin with offices in Illinois and Indiana, increasing the Firms Midwest presence after entering into its final agreements on September 16, 2016.“This acquisition enhances our legal service offerings by adding tremendous […]
Irvine, Calif. – (October 28, 2016) – Plutos Sama, LLC announced today that it has completed the acquisition of J Peterman Legal Group, LLC, a default law firm practicing in Wisconsin with satellite offices in Illinois and Indiana, and it has already started to make its presence stronger in the Midwest. Plutos Sama and J […]
Statutes of limitations have been a hot topic in the mortgage servicing industry but there has previously been no need for Maryland to be included in that discussion. Now, however, due to a couple of statutes passed by the Maryland General Assembly, it is important for the industry to be aware of these statutory changes […]
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- New Caselaw Alert – Lender Violations of New Jersey’s Fair Foreclosure Act Can Trigger Liability Under New Jersey’s Truth-in-Consumer Contract, Warranty and Notice ActOctober 9, 2018 - 2:32 PM
- Judicial state NPLs are darlings to DCMApril 4, 2017 - 2:30 PM
- Plutos Sama, LLC Closes Peterman Acquisition and Expands Throughout the MidwestNovember 22, 2016 - 1:22 PM