Legal Opinion
Lee County Bank v. Christian Mutual Foundation, Inc.
District Court of Appeal of Florida
Decided July 29, 1981No. 80-1306PublishedCited by 3 opinions
1Opinion of the Court
SCHEB, Chief Judge.
Appellant, Lee County Bank, challenges an order of the trial court refusing to permit it to foreclose a mortgage in default, and requiring it, as trustee, to accept a reorganization plan for rehabilitation of the debtor’s project. We conclude that the trial court acted beyond its power, and we reverse.
In 1972 Wilson Life Ministries, Inc., purchased a 373-acre parcel of land in Lee County for development of Estero Woods Village, a retirement community project. It financed the purchase and commencement of construction through the issuance and sale of bonds which it secured by…
2Cases cited14 opinions
- Dewberry v. Auto-Owners Ins. Co.Supreme Court of Florida · 1978
- Pomponio v. Claridge of Pompano CondominiumSupreme Court of Florida · 1979
- Yamaha Parts Distributors Inc. v. EhrmanSupreme Court of Florida · 1975
- First Federal Savings & Loan Ass'n v. LockwoodDistrict Court of Appeal of Florida · 1980
- STATE, ETC. v. Edward M. Chadbourne, Inc.Supreme Court of Florida · 1980
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3Cited by3 opinions
- Paul v. Wells Fargo Bank, N.A.District Court of Appeal of Florida · 2011
- Palm Bay Towers Corp. v. BrooksDistrict Court of Appeal of Florida · 1985
- Economic Development Corp. of Dade County, Inc. v. CoakleyDistrict Court of Appeal of Florida · 1986