Loan Partners, LLC v. PTC Family Investments, LLC
Louisiana Court of Appeal
1Opinion of the Court
DANIEL L. DYSART, Judge.
hSTIBS, LLC, appellant herein and defendant/third-party plaintiff in the underlying cause of action, appeals a ruling of the trial court granting third-party defendant, Homestead Title Company’s, Exception of No Cause of Action. For the reasons that follow, we affirm.
BACKGROUND:
STIBS, LLC purchased property at 2815 Chippewa Street in New Orleans from PTC Family Investments, LLC, and Perry T. Custer, Jr., on May 31, 2007. STIBS sought a mortgage to purchase the property from Fidelity Homestead Savings Bank, which required STIBS to use the services of Homestead Title,…
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