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MT. CARMEL ESTATES, INC. v. REGIONS BANK

1011357.

853 So.2d 160 (2002)

MT. CARMEL ESTATES, INC., et al. v. REGIONS BANK.

Supreme Court of Alabama.

December 13, 2002.

Attorney(s) appearing for the Case

Stephen V. Hammond of Chenault, Hammond & Hall, P.C., Decatur, for appellants.

Robert P. Reynolds of Reynolds, Reynolds & Duncan, L.L.C., Tuscaloosa, for appellee.

MADDOX, Retired Justice.

The sole legal question presented in this case is whether a lending institution that foreclosed on a mortgage and then was the only bidder at the foreclosure sale breached its duty of fairness and good faith to the borrowers, when its bid at the foreclosure sale was an amount less than the amount due under the terms of the note secured by the mortgage and was so inadequate, the borrower and the guarantors...

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