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BORMAN, LLC v. 18718 BORMAN, LLC

No. 14-1419.

777 F.3d 816 (2015)

BORMAN, LLC, Plaintiff-Appellant, v. BORMAN, LLC; Joseph Schwebel, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: February 3, 2015.

Attorney(s) appearing for the Case

ARGUED: Gregory D. Hanley , Kickham Hanley PLLC, Royal Oak, Michigan, for Appellant. Alan M. Greene , Dykema Gossett PLLC, Bloomfield Hills, Michigan, for Appellees. ON BRIEF: Gregory D. Hanley , Jamie Warrow , Kickham Hanley PLLC, Royal Oak, Michigan, for Appellant. Alan M. Greene , Jill M. Wheaton , Michael J. Blalock , Dykema Gossett PLLC, Bloomfield Hills, Michigan, for Appellees. Matthew K. Payok , Office of the Michigan Attorney General, Lansing, Michigan, Matthew W. Schlegel , Clark Hill PLC, Detroit, Michigan, for Amici Curiae.

Before: DAUGHTREY, CLAY, and COOK, Circuit Judges.

OPINION

This appeal arises from Defendant-Appellee 18718 Borman, LLC's ("Borrower") default on a nonrecourse loan secured by property located on Detroit's Borman Avenue, the street after which Borrower takes its name. The lender foreclosed, and Borman, LLC ("Purchaser") — an unrelated entity also named after...

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