Legal Opinion
First Interstate Bank of Denver, N.A. v. Colcott Partners IV
Colorado Court of Appeals
Decided June 4, 1992No. 91CA0489PublishedCited by 4 opinions
1Opinion of the Court
Opinion by
Judge REED.
Defendants, Colcott Partners IV (Colcott) and David L. Hofer, appeal the order entered in favor of plaintiff, First Interstate Bank of Denver, N.A., denying their motion to set aside a settlement stipulation. We affirm.
On July 29, 1986, Colcott executed a promissory note payable to plaintiff in the amount of $330,000. The note was secured by a deed of trust executed on the same day encumbering real property owned by Colcott.
The note was essentially non-recourse, limiting plaintiff’s remedy against the *877note’s maker, in the event of default, to foreclosure and barring any…
2Cases cited4 opinions
- Continental Nat. Bank v. DolanColorado Court of Appeals · 1977
- Recreational Development Co. of America v. American Construction Co.Colorado Court of Appeals · 1987
- VALLEY NATIONAL BANK OF ARIZ. v. Foreign Car RentalSupreme Court of Colorado · 1965
- Walter E. Heller & Co., Inc. v. WilkersonColorado Court of Appeals · 1980
3Cited by4 opinions
- FB Acquisition Property I, LLC v. GentryCourt of Appeals for the Tenth Circuit · 2015
- Provident National Assurance Co. v. SbroccaCourt of Appeals of Arizona · 1994
- FBS AG CREDIT, INC. v. Estate of WalkerDistrict Court, D. Colorado · 1995
- Morris v. SchoenColorado Court of Appeals · 1999