ATCO CONST. & DEV. CORP. v. BENEFICIAL SAV. BANK

No. 87-1921, 87-1922.

523 So.2d 747 (1988)

ATCO CONSTRUCTION & DEVELOPMENT CORPORATION, Appellant, v. BENEFICIAL SAVINGS BANK, F.S.B., Appellee.

District Court of Appeal of Florida, Fifth District.

April 14, 1988.


Attorney(s) appearing for the Case

Richard H. Wall of Hartley & Wall, Orlando, for appellant.

R. Edward Cooley of Shepherd, McCabe & Cooley, Orlando, for appellee.


COBB, Judge.

The issue in this consolidated appeal is whether the trial court properly granted appellee's, Beneficial Savings Bank's (Beneficial), motion for the appointment of receivers in two mortgage foreclosure actions against appellant, Atco Construction (Atco).

In the first case, No. 87-1921, the facts are as follows: Beneficial filed a complaint in June, 1987, seeking to foreclose on a condominium unit based on its claim that Atco failed to make payments...

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