Lender Had Presumptive Legal Title To Property After Foreclosure, Panel Rules

Mealey's (September 30, 2022, 12:17 PM EDT) -- ATLANTA — A federal district court did not err in granting summary judgment in favor of a lender in a borrower’s negligence and unjust enrichment lawsuit, in which the borrower claimed that the lender negligently allowed his property to fall into disrepair while in its possession after obtaining it in a foreclosure sale because the borrower failed to dispute that the lender had “presumptive legal title to the property during the time” it was alleged to have been negligent and unjustly enriched, an 11th Circuit U.S. Court of Appeals panel ruled Sept. 29 in affirming....