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SULLIVAN IV v. FED. DEP. INS. CORP.

No. 93-1923.

634 So.2d 794 (1994)

William F. SULLIVAN, IV, and Mary E. Sullivan, Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Liquidator of Sunshine State Bank, Appellee.

District Court of Appeal of Florida, Third District.

April 5, 1994.

Attorney(s) appearing for the Case

William Sullivan, Miami, for appellants.

Kimbrell & Hamann, P.A., and L. Robert Elias, Miami, for appellee.

Before BASKIN, JORGENSON and LEVY, JJ.

PER CURIAM.

William and Mary Sullivan appeal from a final judgment awarding the FDIC a deficiency following a foreclosure. We reverse the deficiency judgment and remand for a full evidentiary hearing on the issue of the fair market value of the property.1 At the hearing, once the FDIC introduces evidence of the foreclosure sale price, "the defendant has the burden of going forward and presenting such evidence as he shall find proper concerning...

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