LA RONDE, LTD. v. AMSOUTH BANK OF FLORIDA

A91A1902.

203 Ga. App. 400 (1992)

416 S.E.2d 881

LA RONDE, LTD. et al. v. AMSOUTH BANK OF FLORIDA.

Court of Appeals of Georgia.

Decided March 17, 1992.


Attorney(s) appearing for the Case

Glass, McCullough, Sherrill & Harrold, R. Philip Shinall III, for appellants.

Paul, Hastings, Janofsky & Walker, Ronald T. Coleman, Jr., John G. Parker, for appellee.


COOPER, Judge.

Appellants appeal from the trial court's confirmation of a foreclosure sale under the power of a deed to secure debt held by appellee. The sole issue before this court is whether the foreclosure sale's price was at least equal to the true market value of the property as of the date of the sale.

In 1987, appellant, La Ronde, Ltd., executed a promissory note and deed to secure debt, granting appellee a security interest in certain apartments,...

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