TROY, Mich., March 07, 2016 (GLOBE NEWSWIRE) -- Giarmarco, Mullins & Horton, P.C. is pleased to announce that John McNew has published an article in the Real Property Law Section of the State Bar of Michigan’s e-Newsletter. The article is titled Insurance Proceeds: No Double Dips and is about the ruling in the case of Howard v. National City Mortgage (Mich App No. 323118, January 12, 2016, unpublished).
John McNew writes about how the implications of the full credit bid rule led to the predictable result: a mortgagee is not entitled to insurance proceeds for a loss occurring prior to a foreclosure sale if the mortgagee made a full credit bid extinguishing the debt. The link for the full article is: http://www.michbar.org/eBlasts/realproperty_enews
John McNew is an associate in the firm’s Business Practice Group. John concentrates his practice on corporate law, commercial transactions, mergers and acquisitions, real estate transactions, business formation, information and technology transactions and digital media issues. John’s clients include startups and small and middle market businesses.
Giarmarco, Mullins & Horton, P.C., ranks as the 12th largest law firm in Michigan. Founded 39 years ago, located in Troy, Michigan, Giarmarco, Mullins & Horton, P.C. is a full service law firm with over 60 attorneys. Areas of practice include litigation, corporate law, health care law, business transactions, estate and trust planning, commercial litigation, governmental law, real estate, creditors’ rights, criminal law, employment and labor and workers’ compensation. GMH has been recognized as a Top Tier Law Firm in the United States by U.S. News and World Report. Additional recognitions include Crain’s Detroit Business Cool Place to Work and Detroit Free Press Top Workplaces 2012.