Real Estate/Development
Dec. 2, 2000
REAL PROPERTY RULINGS
Antideficiency statutes don't apply to prevent bank from foreclosing on property without first determining its fair market value. Four entities defaulted on a loan secured by three separate deeds of trust. Gilbert Dreyfuss, a general partner of one of the entities, executed personal guaranties on the loan. The bank conducted a nonjudicial foreclosure sale of the first property and serial foreclosure sales of the remaining two.
Antideficiency statutes don't apply to prevent bank from foreclosing on property without first determining its fair market value.
Four entities defaulted on a loan secured by three separate deeds of trust. Gilbert Dreyfuss, a general partner of one of the entities, executed personal guaranties on the loan. The bank cond...
Four entities defaulted on a loan secured by three separate deeds of trust. Gilbert Dreyfuss, a general partner of one of the entities, executed personal guaranties on the loan. The bank cond...
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