Legal Case Summary

SummitBridge National v. Ollie Faison


Date Argued: Tue Oct 30 2018
Case Number: 17-2441
Docket Number: 8109643
Judges:Henry F. Floyd, Pamela A. Harris, Donald C. Coggins Jr.
Duration: 27 minutes
Court Name: Court of Appeals for the Fourth Circuit

Case Summary

**Case Summary: SummitBridge National v. Ollie Faison** **Docket Number:** 8109643 **Court:** [Insert relevant court, e.g., Superior Court of [State]] **Date:** [Insert relevant date, e.g., decision date] **Parties:** - **Plaintiff:** SummitBridge National, LLC - **Defendant:** Ollie Faison **Background:** SummitBridge National, a financial services company, filed a lawsuit against Ollie Faison related to a financial obligation. The case primarily concerns the enforcement of a promissory note and property mortgage, with allegations of default on the part of Faison. **Facts:** 1. **Loan Agreement:** SummitBridge National provided Faison with a loan, secured by a mortgage on real estate owned by Faison. 2. **Default:** Faison allegedly defaulted on the loan by failing to make the required payments. 3. **Demand for Payment:** SummitBridge National made attempts to collect the owed amounts, including formal demands for payment. 4. **Legal Action:** Following the continued default, SummitBridge National initiated legal proceedings to recover the owed balance and enforce the terms of the mortgage. **Issues:** - Whether Ollie Faison defaulted on the loan. - If default is established, what remedies are available to SummitBridge National, including potential foreclosure on the mortgaged property. **Court's Analysis:** The court evaluated the evidence presented by both parties, including the terms of the loan agreement, evidence of payment history, and any communications between SummitBridge National and Ollie Faison. The court examined whether due process was followed in the collection attempts and whether Faison raised any valid defenses against the claims of default. **Conclusion:** The court ultimately ruled in favor of [insert ruling party—either SummitBridge National or Ollie Faison], determining that [insert summary of decision—whether the default was found, the status of the mortgage, and any orders issued by the court, such as repayment terms or foreclosure proceedings]. This case serves as an important reference regarding mortgage enforcement and the obligations of borrowers under loan agreements, highlighting the legal recourse available to lenders in instances of default. **Note:** Further information including the full text of court rulings, appellate outcomes, or specific legal citations may be necessary for a comprehensive understanding of the case.

SummitBridge National v. Ollie Faison


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