Front Street Construction, LLC v. Colonial Bank, N.A. The Federal Deposit Insurance Corp. (FDIC), as receiver for failed bank Colonial Bank, N.A., entered into a purchase and assumption agreement (PAA) with Branch Banking and Trust Co. Some of plaintiffs’ claims against BB&T arose from acts or omissions by Colonial and were not addressed in the PAA. As to those claims, plaintiffs must exhaust their administrative remedies under the Financial Institutional Reform, Recovery and Enforcement Act (FIRREA) before they can seek judicial remedies.

Tagged with: Banks & Banking Breach of Contract first impression Purchase Real Property Tort/Negligence

Front Street Construction, LLC v. Colonial Bank, N.A. The Federal Deposit Insurance Corp. (FDIC), as receiver for failed bank Colonial Bank, N.A., entered into a purchase and assumption agreement (PAA) with Branch Banking and Trust Co. Some of plaintiffs’ claims against BB&T arose from acts or omissions by Colonial and were not addressed in the PAA. As to those claims, plaintiffs must exhaust their administrative remedies under the Financial Institutional Reform, Recovery and Enforcement Act (FIRREA) before they can seek judicial remedies.

Tagged with: Banks & Banking Breach of Contract first impression Purchase Real Property Tort/Negligence

Mauro v. Mooney. Even though the plaintiff-buyers contend the defendant-seller committed fraud and negligent misrepresentation as to the age of the house, renovations, structural deficiencies . . .

Tagged with: Fraud Henderson County Negligent Misrepresentation Purchase Real Property Tort/Negligence Unfair Trade Practices

By BOB RAMSEUR, MIRIAM BAER and WILL MARTIN, Special to Lawyers Weekly [email protected], [email protected] and [email protected]   Significant changes to the Offer to Purchase and Contract (form 2-T) have been approved by the N.C. Bar Association and the N.C. Association ...

Tagged with: Purchase Real Property

Bankruptcy - Priority - Purchase- Money Mortgage - Materialman's Lien - Equitable Estoppel

Tagged with: Bankruptcy Equitable Estoppel Materialman's Lien mortgage Purchase Real Property