Luxury Homes and Estates of Florida Magazine
by Houston E. Short

Bank officers routinely meet with borrowers to talk about troubled loans. The banker and the borrower oftentimes leave the same meeting with divergent views regarding the parties' obligation and agreements. The bank's subsequent attempt to enforce its loan documents may invite retaliatory lawsuits.

In the 1980's there was a plethora of litigation against banks claiming unfair collection practices. Borrowers would often claim that the bank made promises to extend credit or change the terms of a loan but would break the promise. More.....