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BRISSETT v. FIRST MOUNT VERNON INDUS. LOAN

No. COA13-685.

756 S.E.2d 798 (2014)

Courtnay T. BRISSETT, and Husband, Ladwin Brissett, and Brissett Rental Properties, LLC, Plaintiffs, v. FIRST MOUNT VERNON INDUSTRIAL LOAN ASSOCIATION, Dale E. Duncan and Kathleen Neary as Trustees for First Mount Vernon Industrial Loan Association, Prodev XVI LLC, and John F. Gonzales, Jason Matthew A. Gold, The Shoaf Law Firm, P.A., James Bostic, Kim Richardson, and Labrador Financial Services, Inc., Defendants.

Court of Appeals of North Carolina.

April 1, 2014.

Attorney(s) appearing for the Case

Watsi M. Sutton , Attorney At Law, P.A, by Jacinta D. Jones and Watsi M. Sutton , for plaintiffs-appellants.

Ward and Smith, P.A, Wilmington, by Ryal W. Tayloe and Allen N. Trask, III , for defendants-appellees.

McCULLOUGH, Judge.

Courtnay T. Brissett ("C.Brissett"), Ladwin Brissett ("L.Brissett") (together "plaintiffs"), and Brissett Rental Properties, LLC (the "rental company"), appeal from judgment filed 13 September 2012. For the following reasons, we find no error in part and reverse in part.

I. Background

In late 2004 and early 2005, plaintiffs purchased a number of distressed residential properties in New Bern, North Carolina as rental properties...

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