Doe Mountain Enterprises, Inc. v. Jaffe

WOODWARD, Judge.

From September through November 1998, appellant, Doe Mountain Enterprises, Inc. (“Doe Mountain”) sought to refinance its mortgage loan, which was then in default. Doe Mountain negotiated with appellee, Gary R. Jaffe, for such financing, and the negotiations culminated in a loan agreement, dated November 20, 1998, between Doe Mountain and JHR Funding, LLC (“JHR”). Within approximately six *4months, Doe Mountain was in default of the new loan agreement, and, as a result, JHR took possession of Doe Mountain’s property and obtained a confessed judgment for the unpaid balance of the…