Legal Opinion
Western Securities Company, a Subsidiary of Universal Mortgage Corporation v. Edward J. Derwinski, Secretary of Veterans Affairs
Court of Appeals for the Seventh Circuit
Decided July 25, 1991No. 90-3052PublishedCited by 51 opinions
1Opinion of the Court
POSNER, Circuit Judge.
Western Securities Company made a $73,000 home mortgage loan to a veteran in 1980. The Veterans’ Administration (now the Department of Veterans Affairs) guaranteed a portion of the loan. The veteran later sold the property to Becky Shaw, who resold it to a couple who defaulted on the mortgage. Western notified the Veterans’ Administration of intention to foreclose on the mortgage. The Administration responded by notifying Western that Western was not to forgo seeking deficiency judgments against any persons who were liable on the mortgage note. Western’s letter was dated…
2Cases cited40 opinions
- United States v. TestanSupreme Court of the United States · 1976
- United States v. MitchellSupreme Court of the United States · 1983
- Browder v. Director, Dept. of Corrections of Ill.Supreme Court of the United States · 1978
- American Fire & Casualty Co. v. FinnSupreme Court of the United States · 1951
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
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3Cited by51 opinions
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- Aleia L. Robinson v. Marvin T. Runyon, Postmaster General, United States Postal ServiceCourt of Appeals for the Sixth Circuit · 1998
- American Policyholders Insurance Company v. Nyacol Products, Inc.Court of Appeals for the First Circuit · 1993
- Baker v. RunyonCourt of Appeals for the Seventh Circuit · 1997
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