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INVERSIONES S.O.S. v. FIRST UNION BANK

No. 97-2486.

702 So.2d 285 (1997)

INVERSIONES S.O.S., Appellant, v. FIRST UNION NATIONAL BANK OF FLORIDA, Property U.S.A., Inc., and Nicholas R. Nolter, Appellees.

District Court of Appeal of Florida, Fourth District.

December 10, 1997.

Attorney(s) appearing for the Case

G. Luis Dominguez, Miami, for Appellant.

Paul F. Mehr, West Palm Beach, for Appellee First Union National Bank of Florida.

KLEIN, Judge.

A company called Property U.S.A. and its president, Nicholas Nolter, were the payor and guarantor on a promissory note to the appellee bank, secured by a yacht owned by Property U.S.A. When the note went into default, the bank filed this action seeking payment of the note and a writ of replevin to recover the yacht, alleging that it was located in Costa Rica. After a show cause hearing at which the defendants failed to appear, the court entered an order...

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