Federal Deposit Insurance Corp. v. Valente

THREADGILL, Judge.

The Federal Deposit Insurance Corporation (FDIC), plaintiff below, appeals summary judgment for the defendants/appel-lees in a foreclosure action, contending that the court erred in concluding that a lien release filed in the public record extinguished the debt owed upon. We find that an issue of material fact concerning the validity of the lien release and precluding summary judgment was presented to the trial court, and therefore we reverse.

The appellant brought this suit on the balance due on two notes and for foreclosure on a piece of property allegedly securing both…