Federal Deposit Insurance Corp. v. Craft

FOR PUBLICATION Appeal from the United States District Court for the District of Montana Richard W. Anderson, United States Magistrate Judge, Presiding Argued and Submitted June 7, 1994--Seattle, Washington Submission Deferred June 20, 1994 Resubmitted September 18, 1998 D.C. No. CV-89-00084-BU-RWA Per Curiam Opinion SUMMARY COUNSEL Roger Craft, a real estate developer, and his wife Norma Craft, appeal the district court's judgment following a bench trial that resulted in a judgment in favor of the Federal Deposit Insurance Corporation (FDIC), as receiver for Montana Federal Savings Bank. The FDIC initiated the action to collect on six promissory notes and to foreclose on five Montana properties securing those notes.