Legal Opinion
Brimet II, LLC v. Destiny Homes Marketing, LLC
Court of Appeals of Arizona
Decided January 8, 2013No. 1 CA-CV 11-0732PublishedCited by 3 opinions
1Opinion of the Court
OPINION
OROZCO, Judge.
¶ 1 Destiny Homes Marketing, LLC (Destiny) appeals the grant of summary judgment in favor of Brimet II, LLC (Brimet). For the reasons stated below, we reverse the grant of summary judgment and remand to the trial court with instructions to enter summary judgment in favor of Destiny.
FACTUAL AND PROCEDURAL BACKGROUND
¶ 2 First Horizon Home Loan Corporation (First Horizon) loaned Destiny Holdings II, LLC (the Borrower) $438,750 to purchase real property comprised of eighteen undeveloped lots (acquisition loan). The loan was secured by a blanket deed of trust on the property,…
2Cases cited4 opinions
- Orme School v. ReevesArizona Supreme Court · 1990
- Cosper v. the Valley BankArizona Supreme Court · 1925
- Continental Lighting & Contracting, Inc. v. Premier Grading & Utilities, LLCCourt of Appeals of Arizona · 2011
- CS & W Contractors, Inc. v. Southwest Savings & Loan Ass'nArizona Supreme Court · 1994
3Cited by3 opinions
- US Bank, N.A. v. JPMorgan Chase Bank, N.A.Court of Appeals of Arizona · 2017
- Markham Contracting Co. v. Federal Deposit Insurance Co.Court of Appeals of Arizona · 2016
- Deutsche Bank v. Pheasant GroveCourt of Appeals of Arizona · 2018