Joy Harmon Sperling, chair of Day Pitney's Consumer Finance and Creditors' Rights practice group and partner in its Parsippany office, says that while U.S. banks' $8.5 billion settlement to homeowners affected by questionable foreclosure practices is a good step, "if the money isn't used appropriately, you're just delaying the inevitable. It's a matter of what's done with the money that's important." Sperling discusses the settlement, which cuts short the review process that has been in effect since November 2011, in a January 7 article in The Star-Ledger. Fewer than 500,000 of the 4.4 million homes that could have applied for a review ended up doing so, and Sperling says that, "Following through with the reviews might have cost the banks less than the payout."
Joy Harmon Sperling and Rachel Packer authored an article, entitled "Court Clarifies Standing Requirements if Note and Mortgage Separated," published by the New Jersey Law Journal.
Joy Harmon Sperling and Rachel Packer authored an article titled "New Jersey Appellate Division Upholds Priority of Mortgage Over Life Estate" in a recent edition of the New Jersey Law Journal.
Thomas J. O'Neill and Melissa Bruynell Manesse authored an article, "Mortgage Lender Loses Appeal in MA Foreclosure Case," for Mortgage Daily.
Rachel G. Packer and Joy Harmon Sperling authored an article, "Ocwen Victory Good for All NJ Home Lenders: Appellate division finds mortgage outlives life estate," for Mortgage Daily.
Joy Harmon Sperling and Karen Wilson-Robinson authored an article, "Lender Filing Foreclosure Complaint Does Not Trigger Statute of Limitations," for the New Jersey Law Journal.
Jed Davis was quoted in a breaking news article, "New York eases proposed cyber regulations after industry complaints," published by Reuters.
Joy Harmon Sperling was featured in an article, "Rainmaker Q&A: Day Pitney's Joy Harmon Sperling," in Law360.
Stamford, Conn., August 24, 2015 - Day Pitney is pleased to announce that 68 attorneys have been selected for inclusion in the 2016 Best Lawyers in America. Best Lawyers ranks lawyers through peer-review surveys, and has been published annually since 1983.