Berke v. Resolution Trust Corp.
Court of Appeals of Minnesota
1Opinion of the Court
OPINION
RANDALL, Judge.
Appellants sold real estate on a contract for deed. In March 1986, the vendee mortgaged this land and other land. Appellants signed the mortgage, which subordinated their contract for deed vendors’ interest to the mortgage. As a result of the vendee’s subsequent sales, the only remaining mortgage security was part of appellants’ land. In February 1989, the vendee filed bankruptcy and defaulted on the mortgage. In March 1990, appellants sued the mortgagee alleging misapplication of the land sale proceeds. The mortgagee bought the property at the foreclosure sale. In…
2Cases cited21 opinions
- Coit Independence Joint Venture v. Federal Savings & Loan InsuranceSupreme Court of the United States · 1989
- Offerdahl v. University of Minnesota Hospitals & ClinicsSupreme Court of Minnesota · 1988
- Rosa v. Resolution Trust Corp.Court of Appeals for the Third Circuit · 1991
- F. Alderete General Contractors, Inc. v. United StatesCourt of Appeals for the Federal Circuit · 1983
- Resolution Trust Corp. v. Mustang PartnersCourt of Appeals for the Tenth Circuit · 1991
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3Cited by21 opinions
- Estate of Underwood v. National Credit Union AdministrationDistrict of Columbia Court of Appeals · 1995
- Simard v. Resolution Trust Corp.District of Columbia Court of Appeals · 1994
- Cochrane v. Tudor Oaks Condominium ProjectCourt of Appeals of Minnesota · 1995
- Southwest Soil Remediation, Inc. v. City of TucsonCourt of Appeals of Arizona · 2001
- Thomas v. Federal Deposit Insurance Corp.Supreme Court of Colorado · 2011
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