In his weekly Realty Law Digest column (subscription required), Scott Mollen analyzes three notable cases. In 208 Avenue a Assoc. v. Calanni, the court rejected a claim that an attorney lacked authority to enter into a settlement. In Lyo v. Bank of America, the court held that a lender's trial period plan may stand along as an enforceable contract to grant a loan modification if conditions are met. In Federal Housing Finance Agency v. Nomura Holding America, the court granted a motion in limine in a matter alleging material misstatements or omissions with respect to the sale of residential mortgage-backed securities.
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