Legal Opinion

Conquest v. WMC Mortgage Corp.

District Court, E.D. Pennsylvania

Decided March 30, 2017No. CIVIL ACTION NO. 16-03604PublishedCited by 18 opinions

1Opinion of the Court

OPINION

Slomsky, District Judge

Table of Contents

I. INTRODUCTION... 626

II. BACKGROUND...626

A. Conveyance of the Property and the Terms of the First Mortgage... 626

B. The Fire Insurance Policy.. .628

C. The Second Mortgage Assignment ...629

D. Fire Loss and Insurance Proceeds ...629

E. Alleged Misrepresentations About the Insurance...630

F. The Instant Action... 631

III. STANDARD OF REVIEW... 631

IV. ANALYSIS...632

A. All Claims Made Against MER-SCORP Holding, Inc. Will be Dismissed ...632

B. Count I—Breach of Fiduciary Duty.. .633

1. All Mortgage Defendants—WMC Mortgage LLC (“WMC”), Mortgage Electronic…

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