Provident Bank v. Morequity, Inc.

Miller, Judge.

The Provident Bank sued MorEquity, Inc. to recover certain loan documents, including a promissory note showing indebtedness on a mortgage, and to recover payments made to MorEquity under the note. MorEquity cross-claimed against Residential Funding Group, Inc., from whom it had purchased the mortgage, and its CEO Frank Stokes. Both Provident and MorEquity moved for summary judgment. The trial court granted MorEquity’s motion and denied Provident’s motion, and dismissed MorEquity’s cross-claim as moot in light of its ruling. As the evidence reveals that Provident’s security…