Dominion Financial Services, LLC v. Bank of America, N.A.

Brief of the Appellee in the Maryland Court of Special Appeals

more+
less-

This is a dispute between two lenders over lien priority. A purchase money lender made a loan without knowing that the seller of that same property took a hard money loan from another lender. The hard money lender's documents were not timely recorded, and so it was not paid off at settlement. Instead, the purchase money lender disbursed to pay of another prior loan. The hard money lender recorded after settlement, and before the purchase money lender. All was fine until neither loan was paid. The lenders now dispute lien priority.

The Circuit Court for Baltimore City considered cross-motions for summary judgment, and granted judgment in favor of the purchase money lender, Bank of America. The hard money lender filed this appeal. Oral argument is scheduled for October, 2012.

LOADING PDF: If there are any problems, click here to download the file.

Reference Info:Appellate Brief | State, 4th Circuit, Maryland | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Thomas Valkenet, Young & Valkenet | Attorney Advertising

Written by:

more+
less-

Young & Valkenet on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×