Law Firm Obtains Summary Judgment Regarding Bank’s Breach of Contract

April 13, 2012 - PRLog -- This past year, a developer in Park City, Utah was involved in a dispute with the Bank of Utah. This luxury home developer was not only facing summary judgment in court, but their attorney was attempting to withdraw from the case and leave his client when he needed him most. His $6 million property as well as his $3.5 million personal residence were both under foreclosure and everyone believed the situation to be hopeless. This is when the Layfield Law Firm stepped in and took charge of the case. The team used all of their years of experience and skill to formulate a defense strategy for the developer.

The client had liens of $5 million on each property. A lien is a legal claim on some kind of property, real or not real. If there is a lien on the property, the borrower (in this case the developer) is not able to sell it. In fact, the lender may be able to force the property into foreclosure in order to be repaid. The Bank of Utah possessed these liens and was doing their utmost to attempt to seize ownership of the developer’s assets. However, the tables were turned on them with the help of the team at Layfield Law Firm. The Third District Court of Utah found that the bank was, in fact, the party in the wrong. The judge ruled a summary judgment stating that the bank had been guilty of breach of contract and breach of good faith and fair dealing.

As a result of this successful outcome, the court refused the Bank of Utah permission to foreclosure on the developer’s home. Not only that, but the bank was order to release the $5 million lien on the residence. No one could have foreseen that this case could end so successfully when it appeared that all hope was lost. However, it only proves that the legal representative that is on your side could make all the difference in the outcome of your case.

The Layfield Law Firm is dedicated to serving those who have found themselves in business disputes, breaches of contract, foreclosure, and much more. With over 11 years of experience in business ligation law, their clients can have peace of mind knowing that a qualified and skilled attorney is on their side fighting for their best interests. You can call their office or visit their website at http://www.PJLLawFirm.com.

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The Layfield Law Firm, APC is a business litigation, bankruptcy, and personal injury legal team serving clients throughout California and the surrounding areas. They have successfully recovered millions of dollars in compensation for their clients, a testament to their tireless dedication to the best interests of those who come to them for help. For the past 11 years, each Santa Monica lawyer from their team has been providing strong defense and skilled counsel to countless clients and could do the same for you. Should you choose to work with this team, you can have peace of mind knowing that everything is being done to help you find a successful resolution to your case. Even if you believe that your situation is hopeless, please do not hesitate to let them know the details of your case. They offer a free case evaluation, so please do not waste any time in contacting a Santa Monica attorney from their team or visit their website at http://www.pjllawfirm.com.