Legal Opinion
Peoples' Savings & Loan Ass'n v. First Federal Savings & Loan Ass'n
District Court, D. Kansas
Decided January 11, 1988No. Civ. A. 87-2128PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
EARL E. O’CONNOR, Chief Judge.
This action arose from a loan participation agreement between plaintiff Peoples’ Savings and Loan Association and defendant First Federal Savings and Loan Association. In May 1983, defendant sold plaintiff a 90% participation interest in a $454,000 mortgage loan extended to Gene D. Villareal and secured by a first mortgage on residential property in Houston, Texas. Mr. Villareal defaulted on the loan and later filed bankruptcy. Defendant foreclosed on the Houston property, and plaintiff anticipates that the proceeds from the property’s…
2Cases cited24 opinions
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- Thomas v. Union Carbide Agricultural Products Co.Supreme Court of the United States · 1985
- United States v. Riverside Bayview Homes, Inc.Supreme Court of the United States · 1985
- North Mississippi Savings & Loan Association and New North Mississippi Federal Savings & Loan Association v. Joseph M. HudspethCourt of Appeals for the Fifth Circuit · 1985
- Abourezk v. ReaganCourt of Appeals for the D.C. Circuit · 1986
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3Cited by5 opinions
- Wichita Federal Savings & Loan Ass'n v. BlackSupreme Court of Kansas · 1989
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- Carrollton-Farmers Branch Independent School District v. Johnson & CravensCourt of Appeals for the Fifth Circuit · 1989
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