FARA MFG. CO. v. FIRST FEDERAL S. & L. ASS'N

No. 78-388.

366 So.2d 164 (1979)

FARA MANUFACTURING CO., INC., a Florida Corporation, et al., Appellants, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MIAMI, a United States Corporation, Appellee.

District Court of Appeal of Florida, Third District.

January 16, 1979.


Attorney(s) appearing for the Case

Turner, Hendrick, Guilford, Goldstein & McDonald and S. Allan Stanley, Coral Gables, for appellants.

Blackwell, Walker, Gray, Powers, Flick & Hoehl and James E. Tribble, Miami, for appellee.

Before PEARSON, KEHOE and SCHWARTZ, JJ.


PEARSON, Judge.

The defendants to a mortgage foreclosure on real property appeal a deficiency judgment against them. The point presented on appeal urges error because there was no evidence before the trial judge of the fair market value of the property.

The rule is clearly that the price bid, and for which realty is sold, at a mortgage foreclosure sale, although conclusive with regard to the efficacy of sale in absence of timely objection thereto, is not necessarily...

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