10th Circuit: Mortgager’s Quiet-Title Action Is Precluded
(May 9, 2016, 8:44 AM EDT) -- DENVER — The 10th Circuit U.S. Court of Appeals on April 22 upheld the rejection of a mortgager’s quiet-title claim against his lender, finding that the factual allegation underlying his claims were precluded (Michael L. Calloway, et al. v. Bank of America Corporation, et al., No. 15-6176, 10th Cir.; 2016 U.S. App. LEXIS 7393).
(Opinion available. Document #85-160510-037Z.)
Michael and Lillie Calloway took out a $350,000 mortgage in 2008, which was secured by real property located in Edmond, Okla. After they defaulted on the loan, Bank...