Breach of Contract
Failure to Disclose
Confidential
Settlement – $40,000Judge
Court
L.A. Superior Santa Monica
Attorneys
Plaintiff
Defendant
Facts
Plaintiff purchased a commercial building in Compton from Defendant. Escrow opened in February, 1988, and closed in June, 1988. The purchase price was $1,135,000. Plaintiff purchaser made a cash down payment of $400,000. Defendant seller also received a trust deed. Several years later Plaintiff became delinquent in her mortgage payments to Defendant, who initiated a succesful foreclosure action and eventually recovered ownership of the property.
Settlement Discussions
Defendant contends that prior to the commencement of trial, Plaintiff made a settlement demand of $600,000, Defendant countered at $25,000.
Damages
$600,000
#121797
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