Christopher Reynolds v. First NLC Financial Services, LLC

OPINION

Justice FLAHERTY,

for the Court.

In a fairly typical mortgage transaction, the plaintiff, Christopher Reynolds, executed a promissory note, secured by a mortgage on his property. Unfortunately, Reynolds defaulted on the loan, which in time led to foreclosure proceedings. Reynolds filed for bankruptcy, which prompted the then holder of the mortgage to seek relief from the automatic stay imposed by bankruptcy law. Indeed, relief from the stay was given in two separate bankruptcy cases filed by Reynolds, the second of which was initiated after a foreclosure sale had been completed. Reynolds…