Tag Archives: Financing

Small-fry financing gets no toehold in North Carolina (access required)

money bags

The wheels of justice grind slowly, but medical bills and missed paychecks add up fast. In many states, plaintiffs waiting for a recovery can get an advance against their potential payout to help keep up with living expenses, but lenders have largely been kept out of North Carolina by a 2008 court ruling that legal finance is subject to the state’s cap on interest rates.

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Mediated settlement reached in Indian Beach condo dispute (access required)

The plaintiff was serving as general contractor on a 70-unit condominium project located at Indian Beach (“the project”) in a contract with Shearin Family Investments, LLC (“Shearin”). The defendant was the construction lender for the project. Beginning in 2007, the ...

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Municipal – Real Property – County Land Purchase – Civil Practice – Judgment on the Pleadings – Attached Exhibits – Purchase Price – Financing (access required)

Reese v. Mecklenburg County. (Lawyers Weekly No. 10-07-0550, 33 pp.) (Sam Ervin IV, J.) Appealed from Mecklenburg County Superior Court. (W. David Lee, J.) N.C. App. Holding: Where the complaint refers to the Mecklenburg County Commission’s decision to sell a ...

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