Legal Opinion
Kessler v. National Enterprises, Inc.
Court of Appeals for the Eighth Circuit
Decided January 5, 1999No. 98-1347PublishedCited by 2 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
In the mid-1980s, developer Hansen, Hooper & Hayes, Inc. (“the Developer”), sold time-share interests in resort condominiums in Hot Springs, Arkansas. The Developer financed the development with a loan from Independence Federal Bank (“the Bank”), secured by a first mortgage on the Developer’s interest in the condominium properties. The Bank was later taken over in receivership by the Resolution Trust Corporation (“RTC”). RTC purchased the Developer’s note, and mortgage, the Developer defaulted on the note, and RTC commenced foreclosure proceedings. RTC then sold the note…
2Cases cited12 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Federal Deposit Insurance Corporation v. John W. NewhartCourt of Appeals for the Eighth Circuit · 1989
- Thigpen v. SparksCourt of Appeals for the Fifth Circuit · 1993
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3Cited by2 opinions
- Kessler v. National Enterprises, Inc.Court of Appeals for the Eighth Circuit · 1999
- Hayes v. Federal Deposit InsuranceDistrict Court, W.D. Arkansas · 2015