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Home / Courts / Tort/Negligence – Fraud & Unfair Trade Practices – Real Property – Mortgages – Banks & Banking – ILSA (access required)

Tort/Negligence – Fraud & Unfair Trade Practices – Real Property – Mortgages – Banks & Banking – ILSA (access required)

Synovus Bank v. Karp In their counterclaims, the defendant-borrowers contend that the plaintiff-bank lent money to unqualified individuals to buy property, knowing the property was overvalued and, in some cases, knowing that the individuals would not be able to make payments on these loans once their interest-only periods ended, in order to stimulate short-term revenue. While the bank’s alleged conduct may not appear to have been the most prudent course of action in terms of the bank’s long-term business interests, this does not mean that such conduct is not plausible as a matter of law.

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