Legal Opinion
Rayman v. American Charter Federal Savings & Loan Ass'n
Court of Appeals for the Eighth Circuit
Decided January 29, 1996No. 95-1086, 95-1088PublishedCited by 5 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
In July 1991, American Charter Federal Savings & Loan Association (“American Charter”) held the first mortgage on an apartment building in Springfield, Missouri (the “Property”). Steven M. Rayman held the junior, wraparound (“wrap”) mortgage on that building. When American Charter refused Rayman’s attempt to cure the borrower’s default, Rayman foreclosed his wrap mortgage, sold the Property to a third party, paid off American Charter’s first mortgage, and sued American Charter for breach of contract and illegal tying practices. American Charter now appeals the jury…
2Cases cited18 opinions
- Jefferson Parish Hospital District No. 2 v. HydeSupreme Court of the United States · 1984
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- Rhett G. Campbell, Trustee, Joseph C. Canizaro, Intervenor-Appellant v. Wells Fargo Bank, N.A.Court of Appeals for the Fifth Circuit · 1986
- Sundance Land Corporation, a Washington Corporation v. Community First Federal Savings and Loan Association Columbia River Service CorporationCourt of Appeals for the First Circuit · 1988
- New Light Co. v. Wells Fargo Alarm ServicesNebraska Supreme Court · 1994
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3Cited by5 opinions
- Nebraska Public Power District, a Political Subdivision of the State of Nebraska v. Midamerican Energy CompanyCourt of Appeals for the Eighth Circuit · 2000
- Abc Electric, Inc., - Appellee/ Cross v. Nebraska Beef, Ltd., - Appellant/ CrossCourt of Appeals for the Eighth Circuit · 2001
- Poppen v. Residential Mortgage Services, Inc.Nebraska Court of Appeals · 1996
- ABC Electric v. NE BeefCourt of Appeals for the Eighth Circuit · 2001
- Rayman v. American Charter Federal Savings & LoanCourt of Appeals for the Eighth Circuit · 1996