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CITY OF BIRMINGHAM v. BUSINESS REALTY INV. CO., INC.

1990146.

779 So.2d 1201 (2000)

The CITY OF BIRMINGHAM v. BUSINESS REALTY INVESTMENT COMPANY, INC., and Rick Bentley.

Supreme Court of Alabama.

Opinion on Denial of Rehearing September 1, 2000.

Attorney(s) appearing for the Case

Michael Melton, asst. city atty., and Deborah B. Walker, Birmingham, for appellant.

Anthony A. Joseph, William D. Jones III, and Chaya Bail of Johnston, Barton, Proctor & Powell, L.L.P., Birmingham, for appellees.

MADDOX, Justice.

This case involves a dispute between, on the one side, a mortgagor, Business Realty Investment Company, Inc. ("BRIC"), and its president, Rick Bentley, and, on the other side, the City of Birmingham (the "City") over the amount the mortgagor must pay the City in order to redeem certain property.

The issue presented to the trial court was whether BRIC was required to pay the purchase price paid by the City when it foreclosed on the mortgaged...

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