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Krage v Val-Chris Investments

Case Conclusion Date: 04.30.2010

Practice Area: Litigation

Outcome: Lender successfully foreclosed on property after non-payment

Description: Borrower suit claimed violations of TILA, RESPA and FCRA for owner occupied loan to stall foreclosure for non-payment. State court dissolved preliminary injunction and lis pisdens so lender could move forward with foreclosure. Borrower then filed two bankruptcies; after the second bankruptcy and motion for relief from stay was granted he transferred a 20% interest to a person in FL who then filed bankruptcy. We successfully filed a Motion for Relief From Automatic Stay pursuant to Title 11 USC 362(d)4 and were granted a two year relief from stay on the property.

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