CALL TOLL FREE: 855-833-3604  |  Payment Portal
Follow Zarwin Baum on Twitter Follow Zarwin Baum on Facebook Follow Zarwin Baum on YouTube Follow Zarwin Baum on LinkedIn Print Contact Us Office Locations

Zarwin Baum Prevails at Trial in Action Challenging Validity of Mortgage

April 27, 2016

Philip Magen successfully prevailed at trial on behalf of a lender which sought to foreclose on a defaulted commercial loan.  In defense of the foreclosure action the borrower argued the lender’s mortgage was unenforceable because the borrowers’ spouse co-owned the collateral but did not sign the mortgage, the mortgage was signed by an agent acting under an unenforceable power of attorney, the loan was procured by fraud and the interest rate was commercially unreasonable.  After a multiple day trial all of the borrowers’ defenses were rejected and judgment was entered in favor of the lender.  

HOME CONTACT SITE MAP DISCLAIMER © 2021 Zarwin Baum DeVito Kaplan Schaer Toddy P.C.