Since the passage of House Bill 422 ("HB 422") in the 2016 General Assembly, the Fayette County Clerk, members of the Kentucky Banker's Association (KBA) and members of the Kentucky Land Title Association (KYLTA) have received numerous inquiries from lenders, practitioners, and …
Can a Court Give a Receiver Authority to Borrow Money and Grant Priority over Prior Mortgage Liens?
Tasked to serve as a receiver with all aspects of property operations and management in a foreclosure action filed by a bank against a condominium, Colliers International, Inc. faced a hefty shortage of funds. Unable to pay current and future debts of the condominium for which it …