July Lender Alert: New Cause of Action Against Lenders in North Carolina
For the first time a North Carolina court has found a cause of action exists against a lender for breach of duty to negotiate in good faith. In RREF BB Acquisitions, LLC v. MAS Properties, L.L.C., No. 13 CVS 193, 2015 WL 3646992 (N.C. Super. June 9, 2015) the North Carolina Business Court allowed the claim to survive the lender’s motion for summary judgment.
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