First Security Savings Bank v. Aitken

Defendants Ian and Marilyn Aitken appeal as of right from the lower court’s orders granting plaintiff First Security Savings Bank’s motions for summary disposition and attorney fees. We affirm.

The Aitkens borrowed money from First Security Savings Bank (fsb) under a construction loan agreement. This money financed the construction of a model condominium at a condominium development promoted by a joint venture, Rattle Run Development Company (Rattle Run Development or the development). The Aitkens were participants in the joint venture, both as purchasers of a condominium and as investors in…