JAMES v. NATIONSBANK TR. CO. (FLORIDA)

No. 93-1027, 93-1396.

639 So.2d 1031 (1994)

Cedric M. JAMES and Elizabeth James, et al., Appellants, v. NATIONSBANK TRUST COMPANY (FLORIDA) NATIONAL ASSOC., etc., et al., Appellees.

District Court of Appeal of Florida, Fifth District.

July 8, 1994.


Attorney(s) appearing for the Case

Steven M. Greenburg of Law Offices of Stephen L. Raskin, South Miami, for appellants.

Peter W. Homer and Christopher D. Barber of Greer, Homer & Bonner, P.A., Miami, for appellee Nationsbank Trust Co.


PETERSON, Judge.

In 1986, the appellants purchased homes from General Development Corp. (GDC) and the purchases were financed through GDC's wholly-owned subsidiary, GDV Financial Corporation (GDV). In 1989, the appellee, Nationsbank Trust Company, purchased, as trustee under a pooling agreement, several notes and mortgages held by GDC, including those given by appellants. Shortly after GDC was indicted for criminal fraud, in 1990, appellants stopped paying on their...

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