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Melissa McNeil

Recent Posts

ALAW welcomes new Partners Clay Cornett, Christina Liepold and Michael Barron

Posted by Melissa McNeil on Feb 3, 2014 1:55:00 PM

Industry Veteran Clay Cornett to Lead ALAW Sales Efforts ALAW 

ALAW, the premier provider of legal services for the mortgage banking industry, today named industry veteran Clay A. Cornett to lead the Firm’s sales and business development efforts in as executive vice president of sales for ALAW and its related technology entities. He also joins the ranks of Partner with the Firm.

Clay CornettCornett, who most recently served as executive vice president of sales for ServiceLink, a Fidelity National Financial (FNF) Company, has more than 30 years of experience and service representing banks and mortgage operations. From 2000 to 2011, he served as President of FNF, FNIS and LPS Default Solutions’ group of companies where he was instrumental in architecting one of the premier default service providers in the industry.

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Topics: Press Release

FAQ About Bank-Owned and Foreclosed Properties in Florida

Posted by Melissa McNeil on Jan 15, 2014 2:56:00 PM

LENDER AND FORECLOSURE MANAGER FAQ's

Q: I understand Florida recently amended its laws concerning foreclosure. Can you tell me what’s changed?

A: HB 87, the “Florida Fair Foreclosure Act” took effect in June. It’s intended to speed up the process of foreclosing on residential mortgages. Among other things, the Act:

- Shortens from five years to one the time within which a lender must sue to collect any money still owed after the foreclosure (called a “deficiency”)
- Requires the lender to prove it owns a loan before foreclosing          
- Allows some third parties other than lenders (e.g., homeowners associations) to bring a foreclosure action.
- Here’s a link to a recent ALAW client alert with more details about HB87.
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Topics: Florida, Foreclosure

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