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FEDERAL DEPOSIT INS. CORP. v. CALEDONIA INV. CORP.

Civ. No. 86-1264 HL.

725 F.Supp. 90 (1989)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. CALEDONIA INVESTMENT CORPORATION, Defendant.

United States District Court, D. Puerto Rico.

October 26, 1989.

Attorney(s) appearing for the Case

Luis F. Carlo Mendoza, Alfredo Archilla Guenard, Mayaguez, P.R., Rafael B. Ortíz Segura, Gonzalez, Bennazar & Colorado, Hato Rey, P.R., Raúl E. González Díaz, San Juan, P.R., for FDIC.

Gabriel I. Peñagarícano, San Juan, P.R., for Caledonia Inv. Corp. and Ramiro L. Colón.

OPINION AND ORDER

LAFFITTE, District Judge.

This is an action by the Federal Deposit Insurance Corporation ("F.D.I.C.") in its corporate capacity for collection of monies on a promissory note and foreclosure of a mortgage on the real property securing the note.1 Banco de Ahorro, F.S.B. ("the Bank") made a secure loan of $300,000 at 15.5% annual interest rate to Caledonia Investment Corporation ("Caledonia"), Alberic Girod, and...

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