Foremost Investments v. Dr. Amable and Dolores Aguiluz
Published: Mar. 12, 1994 | Result Date: Feb. 10, 1994 | Filing Date: Jan. 1, 1900 |Case number: 684841 – $1,309,000
Judge
Court
Orange Superior
Attorneys
Plaintiff
Mark S. Rosen
(Mark S. Rosen Attorney at Law)
Defendant
Facts
On December 21, 1989, Defendants Dr. Amable and Dolores Aguiluz borrowed $630,000 from Plaintiffs Foremost Investments. The loan was secured by real properties (4); and the escrow called for was short term. The Plaintiffs were required to foreclose on the loan when Defendants defaulted. At that time, Plaintiffs discovered that the security on the properties was inadequate.
Settlement Discussions
Plaintiffs contend they demanded $600,000 and defendants offered nothing.
Damages
$650,000 plus interest.
Deliberation
2 hours
Poll
12-0
Length
5 days
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