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Professional Responsibility Keyed to Martyn
Bayview Loan Servicing, LLC v. Law Firm of Richard M. Squire & Associates, LLC
Citation:
2010 WL 5122003 (E.D. Penn.)Facts
Bayview (Plaintiff) filed a legal malpractice action against the Squire Firm (Defendant), alleging that the firm breached its fiduciary duty by missing a key filing deadline in a foreclosure action. According to Bayview’s complaint, the defendants represented them in a foreclosure action, and they failed to file a petition to fix the fair value of the relevant property within six months of the foreclosure sale, which is required by statute to pursue a deficiency judgment, and as a result they lost any right to pursue the deficiency they were owed.
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