DJ Mortgage, LLC v. Synovus Bank

MCFADDEN, Judge.

D J Mortgage, LLC obtained a line of credit from Synovus Bank d/b/a Bank of North Georgia to fund its business of making short-term “hard money” loans to real estate investors. This action arises out of the breakdown in that relationship. Central to the issues before us are four claims by D J of breach of contract by the bank. The trial court granted summary judgment in favor of the bank as to all four claims, and we reverse as to three. First, DJ claims that the bank was not to record the security interests assigned to it except in the event of a default by DJ. As to this…