Loan Servicing (Special)
Stites & Harbison's attorneys have extensive experience representing special servicers in connection with all areas of traditional and CMBS loan servicing. The attorneys in the firm's Creditors' Rights, Real Estate, and Capital Markets Practice groups have a collective depth of experience that allows us to handle a broad spectrum of services including complicated workouts, bankruptcies, and foreclosures.
In addition to our comprehensive loan servicing practice area, our firm’s well-established and comprehensive representation of CMBS originators makes us uniquely qualified to represent servicers in the CMBS industry.
Since 1998, Stites & Harbison's Capital Markets attorneys have closed more than 2,150 loans in 49 states, totaling over $20.5 billion in volume. Simply stated, we understand capital markets loan transactions.
Finally, we have a deep bench. Stites & Harbison has more than 50 attorneys, paralegals, mortgage loan processors, and support staff in three offices across the Southeast. Our team of lawyers and staff are responsive, experienced, deadline-oriented and trained to proactively spot issues and find creative solutions.
Secured Lenders Fail to Manage the Risk of “Springing Liens” at Their Peril
“Springing liens” are first priority statutory liens on property that spring into existence when certain obligations remain unpaid. Springing Liens can attach to real estate, for example, when the following obligations are not paid: taxes, condominium association dues, or claims for construction labor or materials.
Elizabeth Lee Thompson Appointed to NKU Board of Regents
LEXINGTON, Ky.—Governor Andy Beshear has appointed Stites & Harbison, PLLC attorney Elizabeth Lee Thompson as a member of the Northern Kentucky University (NKU) Board of Regents.
Finally: The CFPB Has Returned . . . to the Final Rule Implementing the FDCPA in the 21st Century
On Friday, October 30, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a new, long-awaited final rule to bring the Fair Debt Collection Practices Act (“FDCPA”) regulations into the 21st century. In announcing the change, the CFPB had the same idea as me: distinguishing the differences between pop culture and collection practices in 1977 and 2020.