Trailer Park Acquisition LLC v. Branch Banking & Trust Co. (In re Trailer Park Acquisition LLC)
Jul
25
2012
Ruling
Debtor lacked standing to contest loan modification and forbearance agreement between mortgagee and predecessor non-debtor owner.
Procedural posture
Plaintiff debtor brought an adversary complaint against defendant, the mortgagee of real property the debtor had acquired from a non-debtor third party, seeking to invalidate the mortgage. The only legal issues presented were the enforceability of a forbearance and loan modification agreement and a mortgage modification cross-default cross-collateralization and spreader agreement between the third party and the mortgagee.
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Court
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