Category: UCC

Line of Credit Agreement Is Not Considered A Promissory Note And, Therefore, Creates Standing Issues in Mortgage Foreclosure Action

Jan 10 2025

By: Jonathan H. Freiberger As readers of this BLOG know, we frequently address issues involved with mortgage foreclosure.[1] Because of, inter alia, the frequency with which mortgages are bought, sold, …

Sep 21 2018

This Blog has addressed numerous issues relating to mortgage foreclosure actions. [HERE][HERE][HERE][HERE][HERE][HERE]. “The Second Department Denies Summary Judgment To Another Foreclosing Mortgagee Due To The Insufficiency Of Evidence Presented On …

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Category: UCC

Line of Credit Agreement Is Not Considered A Promissory Note And, Therefore, Creates Standing Issues in Mortgage Foreclosure Action

The Second Department Determines That A Line Of Credit Agreement Is Not A Negotiable Instrument Under The UCC When Addressing Plaintiff’s Standing To Commence A Mortgage Foreclosure Action