Family Federal Offers & Mortgage Assn. v. Ramos (1991)

Defendant Ronald J. Ramos appeals a wisdom after the trial judge directed a decision in favor of plaintiff Household Federal Deals & Loan Connection (Domestic Federal) out of Ramos’s responsibility towards the a personal bank loan warranty. I affirm.

Thomas Lynn, a major mortgage officer having Home Government, discussed the new agreement which have Brooks and you will wishing around three records-the borrowed funds modification agreement, new promissory note while the [229 Cal

Defendant Ramos try president of the Ramos/Jensen Providers (R/J Co.), a california enterprise. R/J Co. try the general lover away from a finite connection, the newest Peacock Ridge Providers (Peacock), shaped to complete the new Peacock Ridge structure investment. Anywhere between September 1983 and you can February 1985, plaintiff House Federal loaned nearly $seven.4 billion to the Peacock relationship. Each one of the four os.

At that point, Peacock due nice figures inside the accumulated desire and had most other obligations concerning the the project. Household Government recognized an excellent “work out arrangement” in which it forgave all but $100,100000 of desire and you can wanted to financing Peacock an extra $50,one hundred thousand. Continue reading “Family Federal Offers & Mortgage Assn. v. Ramos (1991)” »

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