In a June 12, 2014 decision, the North Carolina Supreme Court held a loan officer’s erroneous statements about the priority of another lien (1) did not give rise to a breach of fiduciary duty claim, and (2) did not give …
Loan Officer Error in Describing Lien Position Not Breach of Fiduciary Duty Read More »
Colorado’s C.R.S. §38-38-106(6) requires a bank to bid at least its good faith estimate of the property’s fair market value at foreclosure (if not bidding the full amount due). The purpose is to protect borrowers and guarantors from excessive deficiency …
Sophisticated Guarantor May Waive Lender’s Good Faith Foreclosure Bid Obligations Read More »
