April 2012 – Purpose Driven General Counsel

A Mortgagee can foreclosure by advertisement AND at that same time file suit to recover on a personal guaranty, right? Not so fast. On April 17th, 2012, the Michigan Court of Appeals decided Greenville Lafayette, LLC v Elgin State Bank, 2012 WL 1319417, — N.W.2d —- (Mich Ct App April 17, 2012) and put a wrinkle inContinue reading “One Action Rule Invalidates Lender’s Foreclosure”