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Month: February 2023

What Every California Lender Should Know about Honchariw v. FJM Private Mortgage Fund, LLC, et al.

February 3, 2023 by Peak Foreclosure

In 2018, Nicholas and Sharon Honchariw took out a $5.6 million business purpose loan from FJM Private Mortgage Fund LLC; however, they defaulted on their September 2019 monthly payment. According to the terms of the loan, the default automatically entitled FJM to charge a one-time 10% fee along with a default interest charge of 9.99% … Read more

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