11th Cir. Reverse Loan Cos.’ Winning in a deed dispute

By Nathan Hale (April 7, 2022, 5:27 p.m. EDT) – What turned out to be a case of unfortunate timing for two loan companies led the Eleventh Circuit to overturn a lower court on Thursday and find that a bankruptcy trustee for A Georgia woman can void a security deed to keep property in the bankruptcy estate.

It is a residential property in Lawrenceville, Georgia that Virginia Lindstrom has pledged for an approximately $174,000 loan from LoanDepot.com LLC. After Lindstrom filed for Chapter 7 bankruptcy, it was discovered that a warranty deed Lindstrom signed in August 2015 was invalid because it failed to satisfy…

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