Legal Opinion
South Carolina Federal Savings Bank v. San-A-Bel Corp.
Court of Appeals of South Carolina
Decided January 6, 1992No. 1745PublishedCited by 15 opinions
1Opinion of the Court
Bell, Judge:
This is an action in equity to foreclose a mortgage. San-ABel Corporation, a real estate developer, granted the mortgage to South Carolina Federal Savings Bank to secure a construction loan for a condominium project in North Myrtle Beach. As a precondition for making the construction loan, the Bank required the Developer to “presell” a certain number of residential units in the project. D. Scott Scarborough, William S. Holland, and Robert O. Ziglar were among a number of purchasers who, prior to the loan from the Bank, executed preconstruction sales contracts with the Developer…
2Cases cited16 opinions
- Elterman v. . HymanNew York Court of Appeals · 1908
- Marbury v. EhlenCourt of Appeals of Maryland · 1890
- Hillblom v. IvancsitsAppellate Court of Illinois · 1979
- Flickinger v. . GlassNew York Court of Appeals · 1918
- Ihrke v. Continental Life Insurance & Investment Co.Washington Supreme Court · 1916
11 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Cox v. RKA CORP.Supreme Court of New Jersey · 2000
- Regions Bank v. Wingard Properties, Inc.Court of Appeals of South Carolina · 2011
- First Federal Savings & Loan Ass'n v. BaileyCourt of Appeals of South Carolina · 1994
- Cooper v. BB Syndication Services, Inc. (In Re 222 South Caldwell Street, Ltd. Partnership)United States Bankruptcy Court, W.D. North Carolina · 2009
- 85-02 Queens Boulevard Associates v. Kong (In Re 85-02 Queens Boulevard Associates)United States Bankruptcy Court, E.D. New York · 1997
10 more not listed; retrieve them via the Exa API.