Sharestates Wins Landmark Decision Enforcing Mortgage Integrity
To remedy inequities in the business purpose lending space and bolster the enforcement of its mortgages, Sharestates has made compelling arguments about mortgage validity in unique situations.
- To remedy inequities in the business purpose lending space and bolster the enforcement of its mortgages, Sharestates has made compelling arguments about mortgage validity in unique situations.
- In another recent case, the Housing Trust Fund Corporation (HTFC) attempted to void a Sharestates mortgage due to reversionary rights it had in the historical chain of title.
- The Judge ruled that indemnification language in the reversionary clause evidenced the HTFC clearly contemplated that the properties would be mortgaged and such mortgages should remain on the properties after "automatic reversion", ultimately enforcing the Sharestates mortgage.
- Sharestates General Counsel Amy Doshi stated, "These victories underscore Sharestates' commitment to upholding the legal integrity of its paper, reducing exposure to fraud, and protecting the interests of its investors.