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11th Circuit Affirms Judgment Against Borrower In Failed-Bank Action

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ATLANTA - The 11th Circuit U.S. Court of Appeals on March 19 affirmed the default judgment against a borrower and in favor of Branch Banking and Trust Co. (BB&T), which acquired his loan from a failed bank, rejecting the borrower's arguments regarding ownership of his loan and any partial satisfaction of his indebtedness (Branch Banking and Trust Co. v. Lawrence T. Maxwell, No. 12-12551, 11th Cir.; 2013 U.S. App. LEXIS 5388)....(read more)

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