Pine-Wood Ltd. v. Detroit Mortgage & Realty Co.

Plaintiff, Pine-Wood Limited, brought this action in Oakland County Circuit Court to recover a $12,500 mortgage loan application fee. The trial court granted plaintiffs motion for summary judgment pursuant to GCR 1963, 117.2(2), finding that defendant had failed to state a valid defense to *87plaintiffs claim. Defendant now appeals that judgment as a matter of right.

During 1976 plaintiff contacted defendant, Detroit Mortgage and Realty Co., to obtain mortgage loan financing for the construction of a multi-million dollar office building. Plaintiff submitted a mortgage application to defendant’s…