NASH v. COMPASS BANK

No. A08A2374.

676 S.E.2d 28 (2009)

NASH et al. v. COMPASS BANK.

Court of Appeals of Georgia.

March 23, 2009.


Attorney(s) appearing for the Case

Richard J. Storrs, for appellants.

Holland & Knight, Sara L. Doyle, Atlanta, Allen A. Hendrick, for appellee.


ADAMS, Judge.

In 2004, Compass Bank loaned Nash Capital Corporation $3,500,000. To secure the debt, Nash Capital executed and delivered a deed to secure debt conveying to Compass a tract of Gwinnett County real property (the "Property"). Nash Capital defaulted on the loan, and on November 6, 2007, Compass conducted a foreclosure sale of the Property. Compass bought the Property for $2,600,000. Because Compass contended that the sale proceeds were less than the secured...

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