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PEACHTREE &c. CORP. v. FIRST NAT. BANK

54007, 54008.

143 Ga. App. 17 (1977)

237 S.E.2d 416

PEACHTREE MORTGAGE CORPORATION et al. v. FIRST NATIONAL BANK OF ATLANTA (two cases).

Court of Appeals of Georgia.

Decided June 29, 1977.

Rehearing Denied July 20, 1977.

Attorney(s) appearing for the Case

Savell, Williams, Cox & Angel, Henry Angel, for appellants.

Smith, Cohen, Ringel, Kohler & Martin, Robert W. Beynart, David K. Whatley, for appellee.

BANKE, Judge.

The appellee bank was the holder of deeds to secure debt covering several tracts of land owned by appellant Peachtree Mortgage Corp. Due to alleged defaults on the underlying indebtedness, the appellee foreclosed and purchased the property as the only bidder. It then filed proceedings against the appellants — Peachtree and its indemnitor — seeking judicial confirmation of the sales. Judgment...

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