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ANDERSON BROTHERS BANK v. ADAMS

23428

305 S.C. 25 (1991)

406 S.E.2d 173

ANDERSON BROTHERS BANK, Respondent v. Howard R. ADAMS, Deborah D. Adams, The South Carolina Tax Commission, Conway National Bank, Whatcha McCollum Car Rental, National Bank of South Carolina, First Citizens Bank & Trust Company of S.C. Larry Chandler and William C. Lyerly, Jr., Defendants, Of Whom Larry Chandler and William C. Lyerly, Jr., are Appellants. And Larry CHANDLER and William C. Lyerly, Jr., Appellants v. Howard ANDERSON, Respondent.

Supreme Court of South Carolina.

Decided July 8, 1991.

Rehearing Denied August 5, 1991.

Attorney(s) appearing for the Case

John C. Thompson of Thompson, Henry, Gwin, Brittain & Stevens, P.A., Conway, for appellants, Larry Chandler and William C. Lyerly, Jr.

J. Jackson Thomas of Stevens, Stevens & Thomas, P.A., Myrtle Beach, and John P. Williams, Jr. of Hooks & Williams, Marion, for respondent.

Howell V. Bellamy, Jr. of Rutenberg, Copeland, Epps, Gravely & Bowers, P.A., Myrtle Beach, for respondent, Howard Anderson.

Heard Jan. 9, 1991.

Decided July 8, 1991.

Rehearing Denied Aug. 5, 1991.

CHANDLER, Justice:

In this foreclosure action, guarantors of a mortgage indebtedness appeal an order adjudicating them liable for the full amount of a deficiency judgment. We affirm in part, reverse in part and remand.

FACTS

In 1984, Respondent Anderson Brothers Bank (Bank) make a $125,000 loan to Howard and Deborah Adams (Debtors) secured by a first...

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