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LSREF2 COBALT (TX), LLC v. 410 CENTRE LLC

No. 04-15-00633-CV.

501 S.W.3d 626 (2016)

LSREF2 COBALT (TX), LLC, Appellant v. 410 CENTRE LLC, and John B. Urbahns, Appellees.

Court of Appeals of Texas, San Antonio.

Delivered and Filed: July 6, 2016.

Attorney(s) appearing for the Case

Catherine M. Stone , Langley & Banack, Inc., San Antonio, TX, Cliff Andrew Wade , Cliff Wade Law, Dallas, TX, for Appellant.

Randall Pulman , Matthew McGowan , Pulman, Cappuccio, Pullen, Benson & Jones, LLP, San Antonio, TX, Peter Michael Kelly , Kelly, Durham & Pittard, L.L.P., Houston, TX, for Appellee.

Sitting: Karen Angelini, Justice, Patricia O. Alvarez, Justice, Jason Pulliam, Justice.

OPINION

LSREF2 Cobalt (TX), LLC sued 410 Centre LLC and John B. Urbahns to recover a deficiency on a note following a foreclosure sale. The matter was tried to the court. The trial court applied the fair market value offset under Section 51.003 of the Texas Property Code to extinguish the deficiency...

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