Legal Opinion
Alpine Bank v. Hubbell
Court of Appeals for the Tenth Circuit
Decided January 30, 2009No. 07-1190PublishedCited by 87 opinions
1Opinion of the Court
HARTZ, Circuit Judge.
When a dream home turns into a nightmare, litigation happens. Platt and Kelley Hubbell took out a $1,280,000 construction loan from Alpine Bank to build a home. After some $800,000 had been disbursed to the contractor, the Hubbells discovered that the home was less than one-third complete, necessary building permits had not been obtained, and it might be cheaper to tear down what had been built and start over. The Bank sued the Hubbells when they failed to repay the loan upon maturity. The Hubbells counterclaimed against the Bank for breach of contract, negligent…
2Cases cited25 opinions
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