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Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 4
While they were married, Dana Kostelnik's ex-husband executed a mortgage on real estate in favor of ABN AMRO Mortgage Group Inc. Kostelnik did not sign the mortgage. Two years later, Kostelnik signed a "loan modification agreement." The modification did not change the identification of the borrower in the mortgage, who was Kostelnik's ex-husband and the only person in that document to have granted ABN a mortgage. The modification did not grant a mortgage and was not filed with the proper authorities, or perfected, until within 90 days prior to the commencement of a Chapter 7 proceeding in which Kostelnik was the debtor. The trustee asked the court to determine that ABN did not have any lien or property interest in Kostelnik's undivided interest in the real estate. Did ABN have any interest in Kostelnik's interest in the property?
Explanation
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, since AAMG Inc. is providin...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
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