Consumer Purpose Loans

by Dennis H. Doss¹ Many Americans were able to secure 2-4% mortgage loans after the Great Recession and following Pandemic. Understandably, they don’t want to give them up. Many would like to sell their homes, but the prospect of paying 6 percent or more for a new mortgage is holding them back. In their eyes their...

March 29, 2022   By: Dennis H. Doss & Christopher J. Donovan | Doss Law, PC Clients frequently send us copies of their business purpose loan docs for review.  Most of the time, we see a “throw in the kitchen sink” or “more is better” approach.  The loan files are riddled with a mishmash of appropriate disclosures but...

What Do You Do Now? November 1, 2022  By: Dennis H. Doss & Christopher J. Donovan | Doss Law, PC The commercial lending industry is trying to adjust to life after the California First District Court of Appeal’s decision on September 29, 2022 in Honchariw v. FJM Private Mortgage Fund, LLC.  At least two major loan...