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Alerts

Alerts / 12 April 2021

Landlord Considerations Regarding Lease Provisions

Lease terms are often subject to interpretation against the party drafting them. Given this, it is imperative that landlords are cautious in lease provisions to guard against defenses raised by tenants when obligations are not met.
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Alerts / 8 April 2021

COVID-19 Bankruptcy Relief Extension Act Extends CARES Act Provisions

President Biden signed the COVID-19 Bankruptcy Relief Extension Act into law on March 27, 2021, previously passed overwhelmingly by Congress. The Act extends provisions of the Coronavirus Economic Stabilization Act of 2020 (CARES Act) through March 27, 2022.
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Alerts / 6 April 2021

Supreme Court Issues Welcome Opinion Regarding Definition of Autodialers Under TCPA

On April 1, 2021 the United States Supreme Court issued its opinion in the case Facebook, Inc. v. Noah Duguid, et al, which decided the issue whether equipment that can store and dial telephone numbers can be found to be automatic telephone dialing systems under the Telephone Consumer Protection Act.
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Alerts / 15 February 2021

Cuyahoga County Fiscal Officer Announces a Further Delay in Recordings

The County's Fiscal Officer has now advised that as a result of short-staffing due to COVID-19, it will not accept any new e-recording packages through February 23, 2021, and that any new e-recording packages during that time will be rejected.
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Alerts / 15 February 2021

Fannie Mae and Freddie Mac Foreclosure and Eviction Moratoriums Extended Through March 31, 2021

On February 9, 2021, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021.
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Alerts / 25 January 2021

2021 Consolidated Appropriations Act Places Limitations on Preference Demands

The Consolidated Appropriations Act of 2021 (CAA), recently signed into law on December 27, 2020, was primarily designed to extend several provisions of the CARES Act.
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Alerts / 19 January 2021

Weltman Monitoring Congressional Proposal to Amend the Bankruptcy Code

On December 9th, Senator Elizabeth Warren (D-MA) introduced the first major consumer bankruptcy reform legislation before Congress since 2005. The Consumer Bankruptcy Reform Act of 2020 (CBRA), if passed, would fundamentally alter the bankruptcy system as we know it.
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Alerts / 18 January 2021

FHFA Extends Some COVID-Related Loan Flexibilities, But Not Foreclosure Moratorium (Yet)

On January 14, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend some loan origination flexibilities until February 28, 2021.
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Alerts / 5 January 2021

The Supreme Court of Ohio Upholds the Validity of Statutory Language in Cognovit Notes

In Sutton Bank v. Progressive Polymers, LLC et al., 2020 Ohio 5101, the court reversed a decision from the Eleventh District Court of Appeals and held that a cognovits note provision was not defective.
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Alerts / 22 December 2020

Foreclosure and Eviction Moratoriums on FHA-Insured Single-Family Mortgages Extended Through February 28, 2021

The U.S. Department of Housing and Urban Development issued its Mortgagee Letter 2020-43, announcing an extension through February 28, 2021, of its foreclosure and eviction moratorium in connection with the COVID-19 emergency.
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