eBook details
- Title: Nueces County and Robstown Independent School District v. Whitley Trucks
- Author : Thirteenth District, Corpus Christi Court of Appeals of Texas
- Release Date : January 29, 1993
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 77 KB
Description
Nueces County and Robstown Independent School District sued Whitley Trucks, Inc., for over $30,000 in delinquent ad valorem taxes assessed against Whitleys real property and for foreclosure of its tax lien against that property. In addition, the District named the FDIC as a defendant pursuant to the FDICs interest as a lienholder on the real property against which the District sought to foreclose its tax lien. Specifically, by its June 1, 1990, appointment as receiver for the insolvent NBC Bank of South Texas, the FDIC had acquired a 1985 real estate lien note and 1987 extension of that note and lien given by Whitley in the amount of $150,000 and secured by a deed of trust on the property in question.