RES-GALJY, LLC v. Y. D. I., Inc.
Court of Appeals of Georgia
1Opinion of the Court
McFADDEN, Judge.
RES-GALJY, LLC (hereinafter, “RES-GA”) appeals from the trial court’s order denying a resale ofreal property under OCGA § 44-14-161 (c) after the trial court denied its petition to confirm a foreclosure sale on the property. Finding no abuse of discretion, we affirm.
RES-GAis an entity formed for the special purpose of taking title to specific property securing a loan that a related entity obtained in a bulk purchase of loans from the Federal Deposit Insurance Corporation. In that capacity, RES-GA was assigned a deed to secure debt executed by Y. D. L, Inc., a/k/a YDI, Inc.…
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- Greg A. Becker Enterprises, Ltd. v. Summit Investment Management Acquisitions I, LLCCourt of Appeals of Georgia · 2012
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