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3321 REVIEW DENIED At the time of foreclosure, a lender’s interest in real property held as collateral is limited to repayment of its debt, so its recovery against an insurer that refused in bad faith to pay benefits for pre-foreclosure damage to the property is limited to the difference between what the lender was owed and the credit bid for which it purchased the property in foreclosure; recovery of attorney fees is limited to fees expended in enforcing the insurance contract.CitationTRACK MORTGAGE v CRUSADER INS (Foreclosure Limit) 98 CA4 857 [See: Alliance v Rothwell 10 C4 1226, T/AT 10/95]
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