W. Harold Talley I, L.L.C. v. North Richmond Investments, Inc.

By Judge Melvin R. Hughes, Jr.

This case was tried to the court on September 22,2011. Upon completion of the evidence, the court took the matter under advisement.

The case concerns a commercial loan made by the plaintiff to the defendant corporation with the defendants John and Suzanne Gray as guarantors. The loan was secured by a deed of trust on real property. The plaintiff seeks a deficiency judgment after a foreclosure and the defendants have answered denying liability and have filed a counterclaim and a third-party claim against the foreclosure trustees.

In essence, the plaintiff alleges…