Legal Opinion

Citation Mortgage, Ltd. v. Ormond Beach Associates Ltd. Partnership (In re Ormond Beach Associates Ltd. Partnership)

Court of Appeals for the Second Circuit

Decided June 23, 1999No. 98-5030PublishedCited by 1 opinion

1Opinion of the Court

SACK, Circuit Judge:

At the core of this appeal is a conflict over a mortgage default in Florida. Payments on the mortgage have long-since ceased and the collateral property was sold at auction long ago for a sum insufficient to cover the mortgaged debt. Filing suit in Florida state court, appellants sought, among other things, to recover that deficiency from appellee Ormond Beach Associates, L.P. (“Ormond Beach”), as well as damages for Ormond Beach’s allegedly inappropriate dissipation of rents collected from the collateral property. When Or-mond Beach subsequently filed a Chapter 11…

2Cases cited32 opinions

  1. Ginsberg v. Lennar Florida HoldingsDistrict Court of Appeal of Florida · 1994
  2. Senfeld v. Bank of Nova Scotia Trust Co.District Court of Appeal of Florida · 1984
  3. State v. LavazzoliSupreme Court of Florida · 1983
  4. Carolina Portland Cement Co. v. BaumgartnerSupreme Court of Florida · 1930
  5. Fleeman v. CaseSupreme Court of Florida · 1976

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3Cited by1 opinion

  1. In Re: Ormond Beach Associates Limited PartnershipCourt of Appeals for the Second Circuit · 1999

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