Implied Restrictive Covenant Prevents Conversion of Golf Course to Residential Lots
By EsqSocial Corporation 06/08/14
A federal court of appeals held that a golf course was encumbered by an implied restrictive covenant, preventing the foreclosing lender from selling the golf course for residential development. The U.S. Court of Appeals for the 11th Circuit found in...
By: Ballard Spahr LLP