After many months of growing speculation, the U.S. Department of Labor (DOL) finally issued its final word on the overhaul of the rules governing overtime exemptions. It is estimated that the implementation of the new overtime regulations will result in more than...
Recently two federal agencies issued new guidance that will apply to many employers in the United States. First, the U.S. Department of Labor (DOL) released a new guide on the Family and Medical Leave Act. Shortly thereafter, the Equal Employment Opportunities...
The Wisconsin Supreme Court has held that condominium associations may not bar use of amenities for unpaid condominium fees on a foreclosed condominium unit. The Supreme Court decision is significant to lenders because it reverses the Court of Appeals' holding that a...
This week, Governor Walker signed into law revisions to Wisconsin's foreclosure statutes that give lenders more flexibility to deal with foreclosed, abandoned properties (known as "zombie properties"). Lenders now will have a year after a court finds a property is...
Yesterday Governor Walker signed 2015 Assembly Bill 720, enacting 2015 Wisconsin Act 376 and shortening the redemption periods in residential foreclosure actions. The Act became effective April 26, 2016. Under the new law, the redemption period for residential...
The Wisconsin Court of Appeals recently upheld a summary judgment ruling in favor of Kathleen Mertz, who had an unrecorded land contract that the court found to be senior to a lender's mortgage. The court determined that the lender, Fair Finance Corporation, had, at...
In 2014, Congress passed the federal Achieving a Better Life Experience Act of 2015 which allows states to create "Achieving a Better Life Experience" (ABLE) accounts, which are tax-free accounts that can be used to save for disability-related expenses. In 2015, the...
Lenders foreclosing abandoned residential properties (known as "zombie properties") will likely regain some of the flexibility they lost as a result of the 2015 Wisconsin Supreme Court decision in The Bank of New York Mellon v. Carson, 2015 WI 15, 361 Wis. 2d 23, 859...
Redemption periods in residential foreclosures will be shortened if (or when) 2015 Assembly Bill 720 is enacted, which has passed both houses of the Wisconsin Legislature. A 6-month (rather than a 12-month) redemption period will apply to foreclosure actions in which...
Stroud, Willink & Howard is pleased to welcome Charity A. McCarthy to the firm as a member where she will practice in the areas of estate planning, trusts, and probate along with business guidance and representation. Charity enjoys working with individuals and...
