Who Controls the Ghost Subdivision? The Missouri Supreme Court Addresses the Competing Rights of Homeowners and a Foreclosing Bank in a Failed Residential DevelopmentFall 2015 – The Abstract
Jacob W. Reby and Jackie M. Burkhardt explore the issues a bank might face if a subdivision developer defaults on its bank loan with only a handful of the platted lots built out and sold.
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This article was originally prepared for publication in the Fall 2015 Edition of the Abstract, the official publication of the American College of Mortgage Attorneys, and appears with the permission of the American College of Mortgage Attorneys.