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Here’s another story in the “It never gets easier” file.

The Massachusetts Land Court recently decided a case that perhaps we should have all guessed was coming.

This is the above the fold headline:  Text messages may now create binding contracts.  Specifically, a text message can constitute a signature sufficient to satisfy the Statute of Frauds and form a binding contract for the purchase and sale of land.
Continue Reading Text on the Dotted Line: A Text Message Can Create a Binding Contract

An overvalued property may now have a bigger impact on a secured creditor’s bottom-line during bankruptcy.  Splitting with the Seventh Circuit, the Fifth Circuit in Southwest Securities, FSB v. Segner (In the Matter of Domistyle, Inc.), 2015 WL 9487732, held that a bankruptcy trustee may surcharge its expenses for maintaining a property even before moving to abandon the property.
Continue Reading Secured Creditors Beware: Overvalued Properties in Bankruptcy