Anthony Bucci v. Lehman Brothers Bank, FSB
Supreme Court of Rhode Island
1Opinion of the Court
OPINION
Justice FLAHERTY,
for the Court.
In this case, we are asked to determine whether a nominee of a mortgage lender, who holds only legal title to the mortgage, but who is not the holder of the accompanying promissory note, may exercise the statutory power of sale and foreclose on the mortgage. On May 15, 2007, Anthony Bucci borrowed $249,900 from Lehman Brothers Bank, FSB (Lehman Brothers) to finance the purchase of a home, and he signed an adjustable rate note (note) that evidenced the debt. On that same date, he and his wife, Stephanie Bucci (collectively, the Buccis or plaintiffs)…
2Cases cited44 opinions
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- City of Mesquite v. Aladdin's Castle, Inc.Supreme Court of the United States · 1982
- United States v. Concentrated Phosphate Export Assn., Inc.Supreme Court of the United States · 1968
- Knox v. Service Employees International Union, Local 1000Supreme Court of the United States · 2012
- Carpenter v. LonganSupreme Court of the United States · 1873
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