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Federal Judge Finds Guaranty Signers Liable For Borrower's Default

LAS VEGAS - A federal judge in Nevada on March 19 granted partial summary judgment to an entity that alleged breach of guaranty agreements after it acquired a loan from a failed bank but denied judgment on the issue of damages, agreeing with borrowers that the court cannot award a deficiency judgment without holding a hearing to determine the value of underlying property (FH Partners LLC v. Lynn M. Leany, et al., No.11-0796, D. Nev.; 2013 U.S. Dist. LEXIS 38656)....(read more)Image may be NSFW.
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