Resolution Trust Corp. v. BVS Development, Inc.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
GOODWIN, Circuit Judge:
Junior lienholders, GT Water Products, Inc. (“GT Water”), Theodore Aronson (“Ar-onson”), and Wolfgang and Charlotte Wagner (‘Wagner”) appeal summary judgment and order of foreclosure in favor of senior lienholder, the Resolution Trust Corporation as receiver for Concord-Liberty Savings and Loan Association (“RTC-Concord”).
The appellants were the owners of land that was being acquired for development by a thinly capitalized company whose ultimate failure brought about this litigation. The owners each sold their land for a cash payment and notes secured by a deed of…
2Cases cited22 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
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- Joseph R. Bolker v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1985
- Nymark v. Heart Federal Savings & Loan Ass'nCalifornia Court of Appeal · 1991
- Connor v. Great Western Savings & Loan Ass'nCalifornia Supreme Court · 1968
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