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MATTER OF BLUE RIDGE HOLDINGS LTD.

No. COA97-1028.

500 S.E.2d 446 (1998)

In the Matter of the Foreclosure of the Deed of Trust of BLUE RIDGE HOLDINGS LIMITED PARTNERSHIP, a North Carolina Limited Partnership.

Court of Appeals of North Carolina.

May 19, 1998.

Attorney(s) appearing for the Case

Stephen R. Little, P.A. by Stephen R. Little, Marion, for petitioner-appellant.

Hunter & Evans, P.A. by W. Hill Evans, Marion, for respondent-appellee.

MARK D. MARTIN, Judge.

Petitioner appeals from order of the trial court upholding the McDowell County Clerk of Court's dismissal of its action to foreclose on a deed of trust.

Petitioner, Quinter, Inc. (Quinter) agreed to loan $40,000 to Blue Ridge Holdings Limited Partnership (Blue Ridge) in June, 1992. The purpose of the loan was to pay a commitment fee for a $4 million loan that Blue Ridge was negotiating with American Specialty Insurance Company (American...

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