Legal Opinion
Village Place LTD and Bob Yari v. VP Shopping, LLC
Texas Court of Appeals, 1st District (Houston)
Decided May 21, 2013No. 01-12-00364-CVPublishedCited by 17 opinions
1Opinion of the Court
OPINION
HARVEY BROWN, Justice.
Village Place, Ltd. purchased the Village Shopping Center with a non-recourse promissory note secured by a deed of trust pledging the property as collateral. The deed of trust included provisions that under certain circumstances created exceptions to the non-recourse nature of the loan. Bob Yari guaranteed the loan. When Village Place defaulted, VP Shopping, LLC (VPS), the noteholder at the time, foreclosed on the pledged shopping center, leaving an unpaid balance of over $1.8 million. After subtracting the foreclosure proceeds, the remaining unpaid principal and…
2Cases cited50 opinions
- City of Keller v. WilsonTexas Supreme Court · 2005
- Cain v. BainTexas Supreme Court · 1986
- Coker v. CokerTexas Supreme Court · 1983
- J.M. Davidson, Inc. v. WebsterTexas Supreme Court · 2003
- Arthur Andersen & Co. v. Perry Equipment Corp.Texas Supreme Court · 1997
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3Cited by17 opinions
- Donald W. Sowell v. International Interests, LP, Texas Court of Appeals, 14th District (Houston)2013
- Marhaba Partners Limited Partnership v. Kindron Holdings, LLCCourt of Appeals of Texas · 2015
- Donna T. Moore, David B. Moore and Provident Funding Associates, LP D/B/A Provident Home Loans v. Brenham Ready Mix, Inc.Court of Appeals of Texas · 2015
- Silberstein v. Trustmark National BankCourt of Appeals of Texas · 2016
- Accurate Precision Plating, LLC v. Juan Guerrero, Guerrero Plating Technology, LLC and Allied Plating, LLC, Texas Court of Appeals, 1st District (Houston)2015
12 more not listed; retrieve them via the Exa API.