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F.D.I.C. v. HY KOM DEV. CO.

No. 91-00596.

603 So.2d 59 (1992)

FEDERAL DEPOSIT INSURANCE CORPORATION, Appellant, v. HY KOM DEVELOPMENT COMPANY, Robert D. Bair, Gene L. Duncan, W. Daniel Kearney, as trustee, M.D. Moody & Sons, Inc. and U.S. Filigree Wideslab, Inc., Appellees.

District Court of Appeal of Florida, Second District.

July 24, 1992.

Attorney(s) appearing for the Case

Peter J. Mackey and Catherine Z. Mackey of Mackey & Mackey, Bradenton, for appellant.

Lee Milich, P.A., North Miami, for appellees.

RYDER, Acting Chief Judge.

The Federal Deposit Insurance Corporation (FDIC) seeks review of the trial court's order denying its motion for a deficiency judgment. We reverse.

The FDIC commenced foreclosure proceedings against Hy Kom Development Company (Hy Kom) on a promissory note in the principal amount of $525,000.00, secured by a real estate mortgage and security agreement encumbering Manatee County property and...

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