First Bank & Trust v. Sharp
Louisiana Court of Appeal
1Opinion of the CourtCrain, J.
John Traylor appeals a summary judgment dismissing his petition to annul a deficiency judgment. We affirm.
FACTS AND PROCEDURAL HISTORY
First Bank and Trust is the holder of a promissory note secured by a mortgage and allegedly secured by a commercial guaranty signed by Traylor. After the maker of the note defaulted, First Bank used executory process to seize and sell *19the immovable property encumbered by the mortgage. The sale proceeds did not fully pay the indebtedness, so First Bank filed a petition for deficiency judgment against Traylor, seeking to enforce the commercial guaranty.
Traylor…
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