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Tag Archives: Fait v. New Faze Development

Real Estate Developers Warning – What do you mean I could be personally liable?

Posted in Real Estate Development, Real Estate Litigation

The tail end of a recent anti-deficiency decision of minor import has HUGE warning signals for principles, employees or agents of real property. Each could be individually and personally liable to lenders even after a foreclosure. How? In Fait v. New Faze Development, the lender to a failed redevelopment project sued both the borrower and… Continue Reading