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Home / Opinion Digests / Trustee owed implied duties under trust deed (access required)

Trustee owed implied duties under trust deed (access required)

Where a trustee accepted a $20,900 bid at a foreclosure sale for property assessed at $436,800, the debtor has stated a claim for breach of implied fiduciary duties arising from a deed of trust. The circuit court erred by characterizing the debtor’s claim as sounding in common law negligence, and further erred by ruling that the ...