Mortgagee Did Not Breach Deed Of Trust When It Refused To Pay Out Insurance Proceeds

(May 4, 2020, 1:56 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on April 30 affirmed a lower federal court’s ruling that a mortgagee did not breach a deed of trust when it refused to disburse insurance proceeds for Hurricane Harvey damage, further finding that the mortgagee’s exercise of control over the funds was not wrongful (Lina Salek v. SunTrust Mortgage, Incorporated, No. 19-20576, 5th Cir., 2020 U.S. App. LEXIS 13983)....

Attached Documents

Related Sections