Tarvezian v. Debral Realty

INTRODUCTION

The defendant, Debral Realty, Inc., filed a counterclaim seeking a deficiency judgment for the amount due after due allowance for foreclosure proceeds and other payments received on account from the plaintiff. At trial, in March 1996, a jury rejected the plaintiffs claim that he and Debral entered into an oral agreement to modify and extend the loan payment terms and to refrain from exercising its foreclosure rights. The jury further found there was no enforceable promise made by Debral to the plaintiff. The plaintiff is seeking a court order against the Singhs to convey the…