Latest News | Potestivo & Associates, P.C.

NEWS ALERT - House Bills 4542, 4543, and 4544 expected to be signed by Governor, extending mediations and amending the foreclosure by advertisement statute in Michigan
December 20th 2011
On December 15, 2011, Michigan House of Representatives Bills 4542, 4543, and 4544 (collectively, "the Bills") were ordered enrolled for presentation to Michigan Governor Rick Snyder. It is expected that Governor Snyder will sign these Bills into law soon. These Bills extend foreclosure mediations in Michigan with some changes to the process, provide for additional language to be included in the M

NEWS ALERT - Federal Government Sues City of Chicago Over Amendment to Vacant Building Ordinance
December 16th 2011
On Wednesday, December 14, 2011, Potestivo & Associates, P.C. reports the Federal Housing Finance Agency ("FHFA") filed suit against the City of Chicago ("City") for the City's amendment to its vacant-buildings ordinance ("Ordinance"). The Ordinance treats mortgagees like property owners so far as vacant buildings are concerned. The Ordinance requires mortgagees to register vacant buildin

Neil F. Narut, Assistant Vice President - Managing Attorney, Chicago, IL office to speak at The Five Star MPact 2011 Conference
December 2nd 2011
Neil F. Narut, Assistant Vice President - Managing Attorney, Chicago, IL office to speak at The Five Star MPact 2011 Conference on Monday, December 5, 2011 in Dallas, Texas. The topic of discussion is Avoiding Structural Failures: Unearthing Fraud Before It Happens. Mortgage fraud is a constant threat to a secure mortgage business. Fraud can impact any operation big or small, at any

21 Attorneys Strong - Potestivo & Associates, P.C. Hires New Associate Attorney
November 30th 2011
Potestivo & Associates, P.C. is pleased to announce the hiring of their 21st attorney, Kim Batcha. Based in the Illinois office, Kim Batcha will serve as an Associate Attorney in the firm’s Litigation Department, where her focus will be on federal debt collections, commercial litigation, and real estate litigation. Prior to her new role, Kim Batcha served as a Law C

Michigan Supreme Court Reverses Residential Funding v. Saurman
November 17th 2011
On November 16, 2011, the Michigan Supreme Court reversed Residential Funding v. Saurman, _Mich App_(2011). The Court, on November 10, 2011, heard oral argument on the plaintiffs' application for leave to appeal the April 21, 2011 judgment of the Michigan Court of Appeals. In lieu of granting leave to appeal, the Court reversed Saurman. The Court adopted Judge Wilder's dissent in hold

Potestivo & Associates, P.C. Honored at the 2011 Crain�s Cool Places to Work Event
November 16th 2011
Potestivo & Associates, P.C. proudly accepted the 2011 Crain’s Cool Places to Work Award on Thursday, November 10th, 2011. Held at The Henry Ford in Dearborn, the award ceremony recognized 48 Michigan companies and non-profits for their creative efforts to attract talent and retain employees. Accepting the award on behalf of the firm was Charlotte Haack, Assistant Vice-President, Managi

Potestivo & Associates, P.C. Community Service featured in Legal League Quarterly
November 15th 2011
Potestivo & Associates, P.C. was recently featured in the Legal League Quarterly for our community service work with Cornerstone Schools. Since 1991, area-wide groups of businesses, including Potestivo & Associates, civic, and religious leaders have been collaborating to form Cornerstone Schools. Twenty years later, the growing organization has over 1,400 students in the Detroit area throu

Neil F. Narut, Assistant Vice President - Managing Attorney, Chicago, IL office to speak on panel at the American Conference Institute's 7th Annual National Forum
October 20th 2011
Neil F. Narut, Assistant Vice President - Managing Attorney, Chicago, IL office to speak on panel at the American Conference Institute's 7th Annual National Forum on Monday, October 24th, 2011 in Washington, D.C. The topic of discussion is "False Claim Act Expansions and Related Dodd-Frank and PFCRA Anti-Fraud Measures: How to Pinpoint Risk and Implement Relevant and Impactful Risk." Neil F. Narut

NEWS ALERT - UPDATE: Chicago City Council to Consider Modified Ordinance Requiring Banks to Maintain Non-Bank-Owned Vacant Properties
October 14th 2011
In a joint effort between the Chicago City Council and several large banks, an ordinance was introduced before the Council last week setting forth more specified duties to impose on banks and servicers for vacant property mortgaged, but not owned, by banks and their servicers. In early August 2011, the Council unanimously approved an amendment to the vacant property ordinance which redefi

NEWS ALERT - Judgments of Possession and Orders for Possession: Personal Property NOT Included
October 14th 2011
In Michigan, following a foreclosure or non-payment of rent action, if a former owner, tenant, or any personal property remains; the owner or landlord must first obtain a Judgment of Possession before they can repossess the subject property. In Illinois, this is called an Order for Possession. This jud

Summer E. Parker, Associate Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Symposium in Columbus, Ohio
September 23rd 2011
Summer E. Parker, Associate Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Columbus, Ohio on September 21st, 2011. Summer E. Parker will moderate timely industry-related topics in a session entitled, “Foreclosure 101 Basics.” The subject matters addressed include default, title, judicial and non-judici

Amy A. Kalarickal, Vice President-Managing Attorney, Chicago, IL office to speak at the DAG Real Estate Symposium in Columbus, Ohio
September 23rd 2011
Amy A. Kalarickal, Vice President-Managing Attorney, Chicago, IL office to speak at the DAG Real Estate Default Symposium in Columbus, Ohio on September 21st, 2011. Amy A. Kalarickal will explain the relevant principles of “Foreclosure 101 Basics.” The subject matters addressed include default, title, judicial and non-judicial topics. For more information, please v

Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Columbus, Ohio
September 23rd 2011
Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Columbus, Ohio on September 21st, 2011. Kenneth A. VanNorwick will offer valuable insight on “Bankruptcy 101 Basics.” This session will cover bankruptcy statistics, eligibility, proofs of claims and discharge. For more information, please visit http://w

Potestivo & Associates, P.C. named to the 2011 Crain�s Cool Places to Work list
September 6th 2011
Potestivo & Associates, P.C. is honored to be presented with the “2011 Crain’s Cool Places to Work” award, once again! Together with their staff, the firm proudly accepts this recognition which is administered by the American Society of Employers. This bi-annual, state-wide competition is initiated by employee nominations, and is followed by an in-depth questionnaire which ga

NEWS ALERT -The Latest Update on MERS in Michigan
September 1st 2011
In Richard v. Schneiderman & Sherman, P.C., et al. No. 297353 (Mich. App.; NW2d, August 25, 2011) the court held that Residential Funding Co. v. Saurman. No. 290248 & 291443 (Mich App.; NW2d April 21, 2011) should be given full retroactive effect. The Saurman court held that, pursuant to Michigan statute, Mortgage Electronic Registration Systems, Inc. (“MERS”) could

Michael J. Woods, Assistant Vice President-Managing Attorney, Rochester Hills office to speak at the Legal League 100 Servicer Summit in Dallas, TX
August 23rd 2011
Michael J. Woods, Assistant Vice President-Managing Attorney, Rochester Hills office to speak at the Legal League 100 Servicer Summit on Monday, September 12, 2011 at the Hilton Anatole Hotel in Dallas, Texas. Michael J. Woods was chosen to lead a roundtable discussion entitled "Reengineering Foreclosure." Michael J. Woods joined Potestivo & Associates in 2006 a

Angela S. Veda, Vice President � Managing Attorney , Rochester Hills, MI office to speak at the Legal League 100 Servicer Summit in Dallas, TX
August 23rd 2011
Angela S. Veda, Vice President – Managing Attorney , Rochester Hills, MI office to speak at the Legal League 100 Servicer Summit on Monday, September 12, 2011 at the Hilton Anatole Hotel in Dallas, Texas. Angela S. Veda was selected to serve as a conversation starter where she will offer valuable insight regarding the timely topic of Vacant Properties. Dis

UPDATE: City of Chicago City Counsel Passes Ordinance Requiring Banks to Maintain Non-Bank-Owned Vacant Property
August 9th 2011
With the support of newly elected Mayor Rahm Emanuel, the City of Chicago will now hold banks and their servicers accountable for the upkeep of vacant homes - even where the bank is not the record owner. The City Council has unanimously approved an amendment to the vacant property ordinance which redefines "property owner" to include a bank holding a mortgage on the home. Banks are no

Attorney Spotlight: David G. Marowske
July 27th 2011
Attorney Spotlight: David G. Marowske By: Dawn M. Burdick With the start of the New Year, we would like to shine a light on one of our Associate Attorneys in the Rochester Hills Litigation Department, David G. Marowske. In David’s nine years with the firm, he has proven to be an invaluable asset to our team as our Senior Litigation Attorney. David earned his Juris Doctor

Proposed Illinois Legislation that May Impact You
July 27th 2011
Proposed Illinois Legislation that May Impact You By: Amy A. Kalarickal As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. monitors the laws proposed to Illinois's Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negatively im

Proposed Michigan Legislation that May Impact You
July 27th 2011
Proposed Michigan Legislation that May Impact You By: Chantelle R. Neumann As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. monitors the laws proposed to Michigan’s Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negativel

Cook County�s Mortgage Foreclosure Mediation Program: One Year Later
July 27th 2011
Cook County’s Mortgage Foreclosure Mediation Program: One Year Later By: Anna C. Kahriman In response to a steady increase in mortgage foreclosure cases within Cook County, Illinois, the Cook County Circuit Court implemented a mortgage foreclosure mediation program (the “Program”).[1] The Program launched on April 12, 2010, and one year later it is alrea

Cook County�s Mortgage Foreclosure Mediation Program: One Year Later
July 27th 2011
Cook County’s Mortgage Foreclosure Mediation Program: One Year Later By: Anna C. Kahriman In response to a steady increase in mortgage foreclosure cases within Cook County, Illinois, the Cook County Circuit Court implemented a mortgage foreclosure mediation program (the “Program”).[1] The Program launched on April 12, 2010, and one year later it is alrea

The Servicemember Civil Relief Act
July 27th 2011
The Servicemembers Civil Relief Act By: Nickolas Schad The Servicemembers Civil Relief Act (“the SCRA”) was drafted by Congress to provide certain protections and rights to individuals who are either active military members or who have recently retired from the military. The purpose behind the SCRA is to allow servicemembers to focus on performing their milita

Extension of Michigan�s Pre-Foreclosure Requirement
July 27th 2011
Extension of Michigan’s Pre-Foreclosure Requirement By: Cory R. Bainbridge Effective July 5, 2009, MCL §§600.3205(a)-(d) were enacted, providing a borrower with an opportunity to request a meeting with the lender to discuss potential modification of their mortgage before foreclosure by advertisement proceedings can be commenced. These provisions were scheduled to sun

New Federal Rules of Bankruptcy Procedure
July 27th 2011
New Federal Rules of Bankruptcy Procedure Anticipated to Take Effect By: Kenneth A. VanNorwick In 2005, the Bankruptcy Abuse and Consumer Protection Act (“BAPCPA”) became effective. This law provided sweeping changes to the Bankruptcy Code. As part of the changes, new Federal Rules of Bankruptcy Procedure (“the Rules”) were required to be adopted.

News Alert - City of Chicago Moves One Step Closer to Requiring Banks to Maintain Non-Bank-Owned Vacant Property � Ordinance Moves Out of Committee
July 22nd 2011
7/21/11 – The City of Chicago moved one step closer on Wednesday towards requiring banks and servicers to maintain vacant property – even in instances where the property has not yet been foreclosed nor is it owned by the bank. On July 20, 2011, the Joint Committee on Housing, Real Estate and Zoning held hearings on a proposed change to the current vacant building ordinance and r

News Alert - Public Act 72 of 2011 extends Michigan foreclosure modification meetings six more months
July 22nd 2011
The Michigan Legislature has passed Senate Bill 0398 which was enacted into law as Public Act 72 of 2011. PA 72 extends the current foreclosure and modification meeting process previously set to expire on July 5, 2011, until January 5, 2012. Because this Act is an extension of Public Acts 29, 30, and 31 of 2009, there are no changes necessary to your foreclosure process at this time, a

MCOA & Residential Findings vs. Saurman
July 22nd 2011
Michigan Court of Appeals Holds MERS Cannot Foreclose by Advertisement in Michigan By: Kenneth A. Slusser On April 21, 2011, the Michigan Court of Appeals released its decision in the case of Residential Funding Co., LLC v. Saurman.[1][2] This Michigan Court of Appeals’ decision has caused a significant increase in contested foreclosures and evictions, in addition to the affirm

Cory R. Bainbridge, Associate Attorney, Rochester Hills, MI office to speak at the Best Practices in Loss Mitigation Conference in Dallas, TX
July 13th 2011
Cory Bainbridge, Associate Attorney, Rochester Hills, MI office to speak at National Mortgage Servicing News' 3rd Annual Best Practices in Loss Mitigation Conference on July 18-19, 2011 at the Westin Park Central in Dallas, Texas. Cory Bainbridge was chosen to moderate a panel where he will lead a discussion regarding the relevant principles of Ensuring Loan Mod Compliance. Cory Bainbridge

Potestivo & Associates, P.C. takes part in the June Partner Morning at Cornerstone Schools
June 15th 2011
On June 7th, Andrew J. Lixey (Operations Manager), Heather M. Opalewski, and Dawn M. Burdick from our Rochester Hills, MI office, visited Cornerstone Schools in Detroit to participate in their 20th Anniversary Celebration. As partners with Cornerstone Schools and Cornerstone Charter Schools, these members of our firm shared the morning with second and seventh-graders. Together, the students and ou

Michael J. Woods, Assistant Vice President � Managing Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Dallas
June 2nd 2011
Michael J. Woods, Vice President-Managing Attorney, Chicago, IL office to speak at the DAG Real Estate Default Symposium in Dallas on June 8th, 2011. Michael Woods will explain the relevant principles of “Foreclosure 101 Basics.” The subject matters addressed include default, title, judicial and non-judicial topics. For more information, please visit http://www.defaulta

Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Dallas
June 2nd 2011
Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Dallas on June 8th, 2011. Kenneth A. VanNorwick will offer valuable insight on “Bankruptcy 101 Basics.” This session will cover bankruptcy statistics, eligibility, proofs of claims and discharge. For more information, please visit http://www.defaultatto

Potestivo & Associates, P.C. added to FDIC�s List of Available Counsel for the State of Michigan and the State of Illinois
May 24th 2011
Potestivo & Associates is pleased to be able to represent the FDIC (Federal Deposit Insurance Corporation) as outside counsel in Michigan and Illinois. Brian A. Potestivo, President – Managing Attorney stated, “Our firm is fully committed and stands ready to represent the interests of the FDIC.” For over twenty years, Potestivo & Associates, P.C. has been providing award

Potestivo & Associates, P.C. named one of the top 30 law firms in Giants of Default Law
May 16th 2011
Potestivo & Associates is honored to receive this outstanding recognition as one of the top 30 law firms in the default servicing industry. Giants of Default Law, a new publication from the leader in mortgage finance and real estate news, HousingWire, named the top 30 firms in the default servicing industry as those who provide skilled, comprehensive legal representation to banks and lenders.

Michael J. Woods, Assistant Vice President � Managing Attorney and Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI to represent our firm sponsorship at the Bright House Networks/Junior Achievement Invitational
May 16th 2011
Michael J. Woods and Kenneth A. VanNorwick are honored to represent our firm sponsorship at the 4th Annual HSBC Cup to support the Bright House Networks/Junior Achievement. This business-supported premier event will take place on May 15th and 16th, 2011 in Palm Harbor, FL. Junior Achievement teaches our young people to understand and respect the economic system, which has made America great. Junio

Brian A. Potestivo, President - Managing Attorney to attend the ReThink Symposium in Pinehurst Village, North Carolina
May 6th 2011
Brian A. Potestivo, President - Managing Attorney, Rochester Hills & Grand Rapids, MI and Chicago, IL to attend the ReThink Symposium in Pinehurst Village, North Carolina on May 9-11th, 2011. This highly exclusive, invitation-only event is presented by HousingWire Magazine, with attendance strictly limited to senior executives in the banking, lending, investment and loan servicing fields. The

Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Florida
May 6th 2011
Kenneth A. VanNorwick, Supervising Attorney, Rochester Hills, MI office to speak at the DAG Real Estate Default Symposium in Florida on May 19th, 2011. Kenneth A. VanNorwick will offer valuable insight on “Bankruptcy 101 Basics.” This session will cover bankruptcy statistics, eligibility, proofs of claims and discharge. For more information, please visit http://www.defaultattorneygroup

Amy A. Kalarickal, Vice President-Managing Attorney, Chicago, IL office to speak at the DAG Real Estate Default Symposium in Florida
May 6th 2011
Amy A. Kalarickal, Vice President-Managing Attorney, Chicago, IL office to speak at the DAG Real Estate Default Symposium in Florida on May 19th, 2011. Amy A. Kalarickal will explain the relevant principles of “Foreclosure 101 Basics.” The subject matters addressed include default, title, judicial and non-judicial topics. For more information, please visit http://www.default

Summer E. Parker, Associate Attorney, MI attends New Lawyers Commitee charity event
April 20th 2011
Associate Attorney, Summer E. Parker, from our Rochester Hills, Michigan office attended the New Lawyers Committee (NLC) 6th Annual Bowling Challenge on Friday, March 4th, 2011. NLC is a committee consisting of Oakland County Bar Association Members who have been practicing law for less than ten years. Each year the committee chooses one charity to sponsor. During that year all of the committee&

Potestivo & Associates takes part in the
April 13th 2011
Potestivo & Associates takes part in the “Meet the Employers Night” at DePaul University College of Law in Chicago, Illinois on Thursday, April 14, 2011 from 4:30-7:00 p.m. This event will take place at the DePaul Center Concourse Level on the campus of DePaul’s College of Law. First year, DePaul University law students will have the opportunity to meet and greet local law fi

Michigan Landlord/Tenant Legislation: Protection for Tenants 2Q11
April 12th 2011
Michigan Landlord/Tenant Legislation: Protection for Tenants By: Paul Poles, Esq. As a direct result of the evolving real estate market in Michigan, legislation affecting landlords and tenants is at an all time high. This Article discusses recently introduced legislation, as well as recently enacted legislation, affecting the landlord/tenant relationship in Michigan. Specifically, this Article d

Standing to Bring an Illinois Foreclosure Action: Who Can Foreclose? 2Q11
April 12th 2011
Standing to Bring an Illinois Foreclosure Action: Who Can Foreclose? Written By: Nickolas A. Schad, Esq. “The frequency with which securities, such as bonds backed by mortgages and notes promising to pay back mortgages, are traded in the financial market can make it difficult to identify the entity that is actually in possession of the note or the mortgage. Thus when challenged in courts t

A Grey Area No More: Personal Property Evictions in Michigan 2Q11
April 11th 2011
A Grey Area No More: Personal Property Evictions in Michigan By: Kyle M. Seay, Esq. The scene has played out hundreds of times; redemption has expired and the agent on the premises reports to the servicer that the home is abandoned except for some of the former owner’s personal property scattered throughout. To a lay person, this would simply mean that the personal property can be disposed

2011 - 2nd Quarter , IL
April 11th 2011
Proposed Illinois Legislation that May Impact You - 2Q11 HB0174 Synopsis as introduced: In provisions concerning deeds in lieu of foreclosure, provides that a mortgagee must file an action to confirm the deed in lieu of foreclosure, prove by clear and convincing documentary evidence, other than by oral testimony or affidavit, that the party seeking a judgment to confirm the deed in lieu of forec

The Past, Present, and Future of Michigan Mediations
April 7th 2011
The Past, Present, and Future of Michigan Mediations By: Michael Woods, Esq. The beginning of Michigan mediations: Roughly two years ago, House Bills 4453, 4454, and 4455 were introduced into the Michigan Legislature with the goal of amending Michigan’s foreclosure by advertisement statute. The bills sought to combat the growing number of foreclosures in Michigan by providing homeowners w

Sixth Circuit Court of Appeals Closes Door on Borrowers' Ability to Challenge Assignments of Mortgages in Michigan
April 5th 2011
Sixth Circuit Court of Appeals Closes Door on Borrowers' Ability to Challenge Assignments of Mortgages in Michigan By: David G. Marowske, Esq. On October 28, 2010, the United States Court of Appeals for the Sixth Circuit issued its opinion in the case of Livonia Properties Holdings, LLC v. 12840-12976 Farmington Road Holdings, LLC,[1] an appeal from the United States District Court fo

Neil F. Narut, Assistant Vice President - Managing Attorney, Chicago, IL office to speak on panel at the REOMAC Conference in Palm Desert, CA
April 1st 2011
Neil F. Narut, Assistant Vice President – Managing Attorney, Chicago, IL office to speak on panel at the REOMAC Conference in Palm Desert, CA on April 5th, 2011. Neil F. Narut, Assistant Vice President – Managing Attorney, Chicago, IL office was chosen to be a panelist at the REOMAC Conference in Palm Desert, CA on April 5th, 2011. Neil’s discussion includes relevant principles

Potestivo & Associates joins Default Attorney Group (DAG)
April 1st 2011
April 1st, 2011 – Potestivo & Associates joins Default Attorney Group (DAG) Potestivo & Associates proudly announces our newest affiliation with the Default Attorney Group (DAG). DAG is a consortium of leading creditors' rights law firms from across the United States. DAG is an association of seasoned legal professionals united by their vision to fully serve the mortgage lending and

Neil F. Narut, Assistant Vice President - Managing Attorney, Chicago, IL office to speak on panel at the Mortgage Bankers Association National Fraud Issues Conference in Hollywood, Florida
April 1st 2011
Neil F. Narut, Assistant Vice President – Managing Attorney, Chicago, IL office was chosen to be a panelist at the Mortgage Bankers Association National Fraud Issues Conference in Hollywood, Florida on March 29th at 3:15 pm. Neil’s discussion includes relevant principles of 'Fraud in Loss Mitigation and Loan Modifications.” For more information, please log on to http://www.mortga

2011 - 2nd Quarter, MI
March 30th 2011
Proposed Michigan Legislature that May Impact You - 2Q11 As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. monitors the laws proposed to Michigan’s Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negatively impact our clients. Bel

2011 - 1st Quarter, IL
March 30th 2011
Proposed Illinois Legislature that May Impact You - 1Q11 SB3962Synopsis as introduced: Provides for a moratorium stay on all pending residential real estate mortgage foreclosures filed by lending institutions, subject to a review by the Attorney General of the practices and procedures of each lending institution to determine whether the lending institution properly uses genuine, accurate, properl

2011 - 1st Quarter, MI
March 30th 2011
Proposed Michigan Legislation that May Impact You - 1Q11 As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. monitors the laws proposed to Michigan’s Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negatively impact our clients. Belo

2010 - 4th Quarter, MI
March 30th 2011
Proposed Michigan Legislation that May Impact You - 4Q10 As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. monitors the laws proposed to Michigan’s Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negatively impact our clients. Belo

2010 - 1st Quarter, MI
March 30th 2011
Proposed Michigan Legislation that May Impact You - 1Q10 As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. reviews the laws proposed to Michigan’s Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negatively impact our clients. Below

2010 - 1st Quarter, MI
March 30th 2011
Proposed Michigan Legislation that May Impact You - 1Q10 As part of its efforts to stay on top of the ever changing legal landscape of our industry, Potestivo & Associates, P.C. reviews the laws proposed to Michigan’s Legislature. When necessary, Potestivo & Associates, P.C. will take action to address issues with any proposed legislation that may negatively impact our clients. Below

Potestivo & Associates, P.C. Promotes Supervising Attorney, Michael J. Woods, to Assistant Vice President - Managing Attorney Rochester Hills, MI Office
March 24th 2011
March 2011, Potestivo & Associates proudly promotes Michael Woods to Assistant Vice President - Managing Attorney of the Rochester Hills office. ROCHESTER HILLS, Mich., March 24th, 2011 - Potestivo & Associates, P.C., an award-winning legal services provider to the default servicing industry, is pleased to announce the promotion of Supervising Attorney, Michael J. Woods, to Assistant Vice

Attorney Spotlight: Keith H. Werwas
March 10th 2011
Attorney Spotlight: Keith H. Werwas By: Michaelene S. Grauf As we enter spring this year, we would like to shine a light on one of our Associate Attorneys in the Litigation Department in our Chicago office, Keith H. Werwas. In Keith’s short time being with the firm, he has proven to be an invaluable asset to our Chicago team as he is involved in every aspect of litigation in the real est

March 3, 2011 - Commercial and Multifamily Mortgage Delinquency Rates Remain Low for Life Companies, Fannie and Freddie; Fall for Banks/Thrifts; Rise Slightly for CMBS in Fourth Quarter
March 9th 2011
MBA: WASHINGTON, D.C. - During the fourth quarter of 2010, commercial and multifamily mortgage delinquency rates remained low for life insurance companies, Fannie Mae and Freddie Mac; fell for banks and thrifts for the first time since the 2006 and rose slightly for loans held in commercial mortgage backed securities (CMBS), according to the Mortgage Bankers Association's (MBA) Commercial/Mu

Foreclosure Affidavits: Keeping on Track in Light of Recent 'Robo-Signer' Controversy
March 4th 2011
Foreclosure Affidavits: Keeping on Track in Light of Recent 'Robo-Signer' Controversy By: Nickolas A. Schad, Esq. and Paul Poles, Esq. Foreclosures fell 21% in November according to foreclosure marketer RealtyTrac.[1] While part of the decrease can likely be attributed to the typical seasonal drop of 7 to 10% that occurs each November, it appears the majority of the drop was likely caused by the

March 3rd, 2011 - Potestivo & Associates, P.C.'s Partnerships with Local Schools
March 3rd 2011
In this volatile job market, real-life work experience is a valuable addition to any student's resume. The competition for entry-level employment in the practice of law (whether professional or administrative) has never been higher. Potestivo & Associates, P.C. has sharpened its focus in regards to Internships, Clerkships, and Externships, partnering with numerous local universitie

Chicago Water Department - Potestivo's REO Department Streamlines the Process
January 11th 2011
Chicago Water Department – Potestivo’s REO Department Streamlines the Process By Neil F. Narut, Esq. One of the more frustrating aspects of Illinois’ REO is dealing with municipal transfer and title requirements. One of the more difficult agencies to deal with is the City of Chicago Water Department. Recent Department cutbacks have led to well-known delays in obtaining water cer

January 5th, 2011 - Potestivo & Associates, P.C. Promotes Supervising Attorney, Neil F. Narut, to Assistant Vice President - Managing Attorney of Chicago, IL Office
January 5th 2011
January 2011, Potestivo & Associates proudly promotes Neil Narut to Assistant Vice President - Managing Attorney of the Chicago office, creating a new position for Narut. ROCHESTER HILLS, Mich., January 5th, 2011 - Potestivo & Associates, P.C., an award-winning legal services provider to the default servicing industry, is pleased to announce the promotion of Supervising Attorney, Neil F. N

January 3rd, 2011 - Potestivo & Associates, P.C Adopt-A-Family Program Wrap-Up
January 3rd 2011
The Potestivo & Associates, P.C. Rochester Hills corporate office once again participated in one of our favorite yearly charitable events, the Adopt-A-Family Program through St. Anastasia Church in Troy. Through this program, our office adopted a needy family and fulfilled their needs and wants to help make their holidays bright and the year ahead a little easier. It is an office wide effort a

January 3rd, 2011 - Charities that Inspired Potestivo & Associates, P.C. in 2010
January 3rd 2011
As we all know, "giving back" is one of the greatest things we can do as a nation. Not only does it help those less fortunate with some of the most basic human needs sometimes, it also enables charitable organizations to further their efforts with various goals they are trying to reach which will benefit large groups of people and our society as a whole. We as a firm, try to keep in mind all year

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