Legal Opinion
Wells Fargo Bank, NA v. Cherryland Mall Ltd. Partnership
Michigan Court of Appeals
Decided December 27, 2011No. Docket No. 304682PublishedCited by 12 opinions
1Per curiam
In this mortgage deficiency action, defendants1 Cherryland Mall Limited Partnership and David Schostak (Schostak) appeal as of right the trial court’s judgment awarding plaintiff, Wells Fargo Bank, N.A., $2,142,697.86 on the mortgage deficiency claim and $260,000 in stipulated attorney fees and costs, plus interest. We affirm.
*102I. BASIC FACTS AND PROCEDURAL HISTORY
At the heart of this case lies a commercial mortgage-backed securities (CMBS) loan. CMBS loans have a unique structure, as described by the Commercial Mortgage Securities Association and the Mortgage Bankers Association:
Prior to the…
2Cases cited26 opinions
- Klapp v. United Insurance Group Agency, IncMichigan Supreme Court · 2003
- Wilkie v. Auto-Owners InsuranceMichigan Supreme Court · 2003
- Henderson v. State Farm Fire & Casualty Co.Michigan Supreme Court · 1999
- Quality Products and Concepts Co. v. Nagel Precision, Inc.Michigan Supreme Court · 2003
- O'Donnell v. State Farm Mutual Automobile InsuranceMichigan Supreme Court · 1979
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3Cited by12 opinions
- Wells Fargo Bank v. Cherryland Mall Ltd. PartnershipMichigan Court of Appeals · 2013
- Santander Consumer USA Inc v. State TreasurerMichigan Court of Appeals · 2016
- Russell v. Harman International Industries, IncorporatedDistrict Court, District of Columbia · 2013
- Borman, LLC v. 18718 Borman, LLCCourt of Appeals for the Sixth Circuit · 2015
- Sweet Additions Ingredient Processors, LLC v. Meelunie America, Inc.Court of Appeals for the Eleventh Circuit · 2025
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