Resolution Trust Corp v. Carr

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that bank, in its capacity as mortgagee, did not owe fiduciary duties to mortgagor
• upholding a sale for 56 percent of the fair market value
• disparity between appraisal price of $350,000 and sales price of $195,000 not enough to withstand a summary judgment motion
• “[the borrower] reaches for straws when he attempts to carve out a contract from the corporation minutes”
• “Absent evidence of bad faith or improper conduct, a mortgagee is permitted to buy the collateral at a foreclosure sale as ‘cheaply’ as it can . . . .” (quoting Cambridge Sav. Bank v. Cronin, 194 N.E. 289, 290 (Mass. 1935))

Source: CourtListener parenthetical corpus (CC0).