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Reformation Action Successful on Behalf of Lender

Lindsay Meador Young and Benjamin G. Torian of the Firm’s Lafayette Office were successful in an action to reform an Act of Sale wherein the incorrect party was named as Seller, creating a defect in title that ultimately reduced the Lender’s interest in the property. Summary Judgment was granted against the Defendant based on his tacit ratification of the Act of Sale, quieting title in the name of the Borrower, subject only to the first-priority lien of the Lender’s Mortgage.