The Ryan Firm is pleased to announce that it secured a phenomenal result for one of its institutional investor clients. After years of hard-fought litigation, The Ryan Firm obtained a complete victory through its successful motion for summary judgment. After our client purchased a secured loan, the borrower fell into default and nonjudicial foreclosure was initiated against the secured property. The parties negotiated a loan extension agreement whereby the borrower would obtain successive postponements of the foreclosure sale date based on various payments by the borrower. After the borrower defaulted under the agreement, the client took the property to foreclosure
The borrower sued the client on the novel theory that the loan extension agreement violated Civil Code section 2953--a section of the Civil Code that is sparingly litigated. Through strong, thorough, and persuasive legal briefing, The Ryan Firm was able to secure summary judgment in the client's favor on all claims, thereby avoiding a costly jury trial and any future liability. The matter was handled by The Ryan Firm's Managing Partner Andrew Mase, as well as Associates Chris Kiernan and Katherine Meleski."
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