Pecora v. First Bank of Georgia

Blackburn, Judge.

This is an appeal of the trial court’s order granting partial summary judgment to the plaintiff First Bank of Georgia (First Bank) in the underlying action for fraud.

Jesse T. Hendrix Builders, Inc. (Hendrix) purchased two lots for residential construction from Joseph Pécora through Pecora’s agent, Gerald Kopp. In connection with the purchase, Hendrix executed two security deeds in favor of Pécora for the purchase price of the lots. At closing, Kopp agreed to not record the security deeds so that Hendrix would be able to get credit from his suppliers. Kopp maintained that he…