Anton Philipps and Sunset Palm Hotel, LP have filed a lawsuit against First Title, LLC and Fidelity National Financial, Inc. in the Circuit Court of the Fifteenth Judicial Circuit in Palm Beach County, Florida. The case ID is 502024CA002071 XXXAMB Div: AH, and it was filed on March 5th, 2024. The complaint alleges that the defendants failed to properly handle a $4 million loan transaction.
The plaintiffs are represented by Anton Philipps, an individual residing in Polk County, Florida, and Sunset Palm Hotel, LP, a Florida Limited Partnership based in Davenport. The defendants are First Title, LLC, a foreign Limited Liability Corporation with its principal place of business in Atlanta, Georgia and Fidelity National Financial Inc., a foreign for-profit corporation based in Jacksonville. According to the filing details provided on March 5th, 2024; SPH owns a commercial real estate property located at 44199 Highway 27 in Davenport.
The plaintiffs allege that they executed a promissory note for $4 million on October 22nd, 2022. However, they claim that the lender failed to send the loan proceeds as required by the terms of the loan and closing instructions. Despite this shortfall, First Title proceeded with the closing.
Philipps and Sunset Palm Hotel are seeking damages exceeding $50k excluding interest and attorney fees from First Title and Fidelity National Financial. They argue that these companies were negligent in their handling of funds related to their loan transaction.