Real Estate Law Section

The section monitors, studies and proposes statutory developments in property law and keeps its membership updated by sending periodic e-newsletters. It also produces annual CLE programming for real estate lawyers and others.

Bradley Arant Boult Cummings LLP
P. O. Box 340025
Nashville, TN 37203

Tennesseans to Receive $2.6M in Foreclosure Settlement

More than 2,000 Tennessee residents who lost their homes to foreclosure with Ocwen Loan Servicing will receive a total of $2.6 million in a settlement announced today by the Tennessee Attorney General’s office. Each homeowner should receive a check for approximately $1,100. The agreement settles state and national findings that Ocwen engaged in servicing abuses that resulted in unnecessary and illegal foreclosures from Jan. 1, 2009, to Dec. 31, 2012. It also covers two loan servicers recently acquired by Ocwen: Litton Loan Servicing LP and Homeward Residential Holdings LLC (previously known as American Home Mortgage Servicing Inc. or AHMSI). Those with questions should call (866) 783-5382.

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Vested Property Rights Act Leads December TBJ

In the December issue of the Tennessee Bar Journal, lawyers Jennifer Lacey and John Williams detail the Vested Property Rights Act of 2014 and how it has given more stability to developers. Bill Rutchow looks at employer protection of confidential business information through the Tennessee Uniform Trade Secrets Act. And in perhaps the best news of all, columnist Eddy Smith reports the demise of Circular 230 Disclosures in "How the IRS Saved the Planet and Returned 30 Minutes of Your Day."

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