FEDERAL DEPOSIT INSURANCE CORPORATION v. WINDLAND COMPANY

35790.

245 Ga. 194 (1980)

264 S.E.2d 11

FEDERAL DEPOSIT INSURANCE CORPORATION v. WINDLAND COMPANY et al.

Supreme Court of Georgia.

Decided February 5, 1980.


Attorney(s) appearing for the Case

Thomas E. Prior, for appellant.

James O. Wilson, for appellees.


MARSHALL, Justice.

Code Ann. § 67-1503 (Ga. L. 1935, p. 381) provides, "When any real estate is sold on foreclosure, without legal process, under powers contained in security deeds, mortgages or other lien contracts, and at such sale said real estate does not bring the amount of the debt secured by such deed, mortgage, or contract, no action may be taken to obtain a deficiency judgment unless the person instituting the foreclosure proceedings shall, within 30...

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