National City Bank v. Facilities Asset Management, Inc.

Karpinski, Administrative Judge.

Defendants-appellants Facilities Asset Management, Inc. (“FAM”), M & M Properties (“M&M”), and Michael and Maureen Badalamenti appeal from an order of the trial court denying their Civ.R. 60(B) motion for relief from cognovit judgments against them.

On February 4, 2000, National City Bank (“NCB”) commenced this action against FAM to collect on a cognovit note and against the remaining defendants on cognovit guarantees of FAM’s indebtedness on the note. The note had an original principal balance of $500,000. The administrative judge of the common pleas court…