BAC INTERN. CREDIT CORP. v. MACIA

No. 93-1269.

626 So.2d 1037 (1993)

BAC INTERNATIONAL CREDIT CORP., Appellant, v. Jose MACIA and Jennifer Macia, et al., Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied December 14, 1993.


Attorney(s) appearing for the Case

Berley & Littman and Eric P. Littman, Miami, for appellant.

Michael Schiffrin, Miami, for appellees.

Before HUBBART, BASKIN and COPE, JJ.


COPE, Judge.

BAC International Credit Corp. appeals an order refusing to enforce a settlement agreement. We reverse.

BAC made a mortgage loan of $725,000 to appellees Jose and Jennifer Macia. In 1991 the lender brought a foreclosure action against the borrowers. In 1992 the parties agreed to settle the action. The Agreed Order of Settlement set forth a detailed payment schedule. The settlement provided that if the payments were not made when due, an agreed...

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