Legal Opinion
McKay v. Capital Resources Co. Ltd.
Supreme Court of Arkansas
Decided March 24, 1997No. 96-200PublishedCited by 14 opinions
1Opinion of the Court
Tom Glaze, Justice.
In 1987, appellants John and Rosemary McKay, Jr., purchased a condominium unit in Hot Springs. They financed the purchase through Landmark Savings Bank, F. S.B., by a promissory note secured by a mortgage on the unit. In 1990, Landmark Savings was placed into receivership with the Resolution Trust Corporation (RTC), and in 1993, the RTC assigned the McKay note and mortgage to Magnolia Federal Bank for Savings of Hattiesburg, Mississippi.
Subsequently, the McKays defaulted on the note, and on April 12, 1994, Magnolia Federal filed a complaint to foreclose on the McKay…
2Cases cited4 opinions
- Resolution Trust Corporation as Receiver for First Federal Savings Bank of Diamondville, Wyoming v. William Kimbrough LoveCourt of Appeals for the First Circuit · 1994
- Vandergriff v. VandergriffSupreme Court of Arkansas · 1947
- Beebe v. Real Estate BankSupreme Court of Arkansas · 1842
- Chaviers v. SimmonsSupreme Court of Arkansas · 1974
3Cited by14 opinions
- Chavarria v. Fleetwood Retail Corp.New Mexico Supreme Court · 2006
- Chavarria v. Fleetwood Retail Corp.New Mexico Supreme Court · 2006
- Chavarria v. Fleetwood Retail Corp.New Mexico Court of Appeals · 2005
- Chavarria v. Fleetwood Retail Corp.New Mexico Court of Appeals · 2005
- Anderson v. Citimortgage, Inc.Court of Appeals of Arkansas · 2014
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