Legal Opinion
Statesboro Blues Development, LLC v. Farmers & Merchants Bank
Court of Appeals of Georgia
Decided January 6, 2010No. A09A1956PublishedCited by 10 opinions
1Opinion of the Court
Miller, Chief Judge.
Statesboro Blues Development, LLC defaulted on a $3,522,500 loan from Farmers and Merchants Bank. The loan was secured by a deed to secure debt with respect to 61.26 acres of real property located in Bulloch County (the “Property”). The Bank foreclosed on the Property and sold it at auction on December 2, 2008 to the only bidder, also the Bank, for $2,915,000. The Bank then applied to the superior court for confirmation of the sale pursuant to OCGA § 44-14-161.
Following an evidentiary hearing, the trial court approved and confirmed the foreclosure sale in all respects.…
2Cases cited6 opinions
- Nash v. Compass BankCourt of Appeals of Georgia · 2009
- Marett Properties, L. P. v. Centerbank Mortgage Co.Court of Appeals of Georgia · 1992
- Peachtree Mortgage Corp. v. First National BankCourt of Appeals of Georgia · 1977
- Cartersville Developers, LLC v. Georgia Bank & TrustCourt of Appeals of Georgia · 2008
- Chamblee Hotels, LLC v. Chesterfield Mortgage Investors, Inc.Court of Appeals of Georgia · 2007
1 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Greg A. Becker Enterprises, Ltd. v. Summit Investment Management Acquisitions I, LLCCourt of Appeals of Georgia · 2012
- Mundy Mill Development, LLC v. ACR Property Services, LPCourt of Appeals of Georgia · 2010
- RES-GALJY, LLC v. Y. D. I., Inc.Court of Appeals of Georgia · 2013
- Eayrs v. Wells Fargo Bank, N.A.Court of Appeals of Georgia · 2011
- Hammock v. IssaCourt of Appeals of Georgia · 2011
5 more not listed; retrieve them via the Exa API.