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Home / Top Legal News / Doctors, developer defeat bank’s recovery effort (access required)

Doctors, developer defeat bank’s recovery effort (access required)

A recent verdict by a Union County jury found a group of doctors and a developer not liable for damages of nearly $3 million after a bank foreclosed on their commercial loan. CML-NC Waxhaw, LLC had purchased the loan with an “as is” disclaimer and notice that the loan had multiple problems associated with the previous lenders, the jury concluded.

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