Vogan v. Hayes Appraisal Associates, Inc.
Supreme Court of Iowa
1Opinion of the Court
CARTER, Justice.
Hayes Appraisal Associates, Inc. (Hayes Appraisal), the defendant in the district court, had been hired by MidAmerica Savings Bank (MidAmerica) to monitor the progress of new home construction for plaintiffs, Susan J. Vogan and Rollin G. Vogan. The Vogans had obtained a construction loan from MidAmerica. The contractor defaulted after all of the original construction loan proceeds and a subsequent portion of a second mortgage loan had been paid out by the bank.
The Vogans recovered judgment against Hayes Appraisal on a third-party beneficiary theory based on its alleged failure…
2Cases cited8 opinions
- New Hampshire Insurance Company v. ChristySupreme Court of Iowa · 1972
- Midwest Dredging Co. v. McAninch Corp.Supreme Court of Iowa · 1988
- Johnson v. JunkmannSupreme Court of Iowa · 1986
- Tredrea v. Anesthesia & Analgesia, P.C.Supreme Court of Iowa · 1998
- Willey v. RileySupreme Court of Iowa · 1995
3 more not listed; retrieve them via the Exa API.
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