D.A.N. Joint Ventures of NC v. N.C. Grange Mutual Ins. Co., 2019 N.C. App. Lexis 42
Jan 15, 2019OUTCOME: Court of Appeals dismissed appeal as untimely as D.A.N. Joint Ventures did not file appeal within 30 days of date of actual knowledge of judge's decision. Petition for Discretionary Review pending.
N.C. Grange insured farm damaged by hurricane and paid loss to farm owner. DAN Joint Ventures was assignee of mortgagee, Wachovia. DAN Joint Ventures bought notes and obtained assignment of deeds of ... trust from Wachovia but failed to follow up on letters to farm asking that it be listed as loss payee on policy. Yeas later, after Wachovia was purchased by Wells Fargo, checks issued by NC Grange to farm and Wachovia were initially endorsed by Wachovia to farm. NC Grange was later advised Wachovia had no lien and Wachovia was removed from policy. Additional claim checks were paid directly to farm. D.A. N. Joint Ventures sued for policy benefis as loss payee. Trial Court granted summary judgment for N.C. Grange.
