Carteret Savings Bank, F.A. v. Rivers

Carteret Savings Bank, the mortgagee in this ease, now under conservatorship to the Resolution Trust Corporation, argued that its mortgagor was in default and sought foreclosure of the mortgage it held on a Dade property. The mortgagee moved for summary judgment in its favor. Hurricane An*705drew then hit South Florida. Thereafter, a number of hearings were held on the proper resolution of the parties’ dispute, in light of the mortgagor’s prior missed payments and post-Andrew insurance funds which had become available. At several crucial hearings on the matter, no transcripts of proceedings were…