Bill Ramey of Ramey & Schwaller settled all claims stemming from a zombie property located at the Ponderosa Townhomes in Houston, Texas. The zombie property was decreasing the value of the adjoining neighbors’ townhomes. A settlement was reached with Bank of America, the owner of the zombie property, that resulted in Plaintiffs dropping all claims and dismissing their lawsuit with prejudice. Bill stated that “I am very happy that we were able to help our clients resolve this zombie property issue. Market value loss should be considered by all potential plaintiffs when there is such an issue.”
Bill Ramey and Harry Laxton, the trial team for Ramey & Browning client Virginia Moherek settled all claims against Bank of America and Scottsdale Insurance Company in a case alleging breach of contract, deceptive trade practices, fraud, and bad faith related to damage caused to the client’s home. The case was pending in the 80th Judicial District Court of Harris County, Texas, under case number 2013-45238. Bill Ramey was quoted as saying, “We are happy tat our client was able to finally settle this matter.” The financial terms of the settlement are confidential.
On April 17, 2014, the team at Ramey & Browning successfully defeated Scottsdale Insurance Company’s Motion for Summary Judgment seeking to be dismissed on policy coverage grounds in Lozano et al. v. Bank of America et al., Cause No. 2013-45238, pending in the 80th Judicial District Court of Harris County. The issue related to whether a purported policy exclusion applied to a water leak from an adjoining property. The language in the purported exclusion included the phrase “accidental discharge, leakage or overflow” of water. The case is currently set for trial on June 2, 2014.