ESCROW MALPRACTICE: Bank breached fiduciary duty and contract by “scheme” to lend farm buyers $693,214 in order to make unauthorized withdrawal of $176,000 from seller’s savings account and unauthorized payoff of contract for deed to original seller resulting in loss of interest payments to subsequent seller, to benefit bank as lender… tortious breach of implied covenant of good faith fails as farm sale had profit motive… damages trial set… Boucher. [Read more…]
Foreclosure, securitization challenge
FORECLOSURE: Challenge to securitization in attempt to avoid paying for property properly rejected via 60(b) motion denial… McLean affirmed (IOR I-3(d)). [Read more…]