Wednesday, March 14, 2012

Court reviews an award of deficiency damages following a foreclosure sale

COMMERCIAL BANK, INC. v. RAYMOND E. LACY (Tenn. Ct. App. March 14, 2012)

This appeal results from the grant of summary judgment in favor of Appellee bank. Appellant defaulted on promissory notes executed in favor of Appellee, resulting in a foreclosure sale. After the sale, a foreclosure deficiency existed. The trial court granted summary judgment in favor of the bank, awarding deficiency damages including amounts for unpaid taxes on the property. Appellant appeals. Discerning no error, we affirm.

Opinion available at: