Mills v. Federal Land Bank of Columbia

Banke, Presiding Judge.

This is an appeal arising from a proceeding brought by the Federal Land Bank of Columbia to confirm its sale under foreclosure of about 149 acres of land securing a promissory note in the principal amount of $100,000. Public sale after proper notice resulted in purchase by the Federal Land Bank of Columbia, plaintiff below, for $87,700. The appellant, defendant below, attacks the trial judge’s determination that the foreclosure sale brought the "true market value,” and the failure of the trial judge to use a "beyond a reasonable doubt” standard in this determination.…