NationsBank of Georgia, N.A. v. Green

Johnson, Judge.

NationsBank of Georgia, N.A., brought suit to recover on an indebtedness allegedly owed by John R. Green d/b/a Green Development and Rebecca Richardson f/k/a Rebecca Green pursuant to certain promissory notes and security deeds executed in favor of Citizens & Southern Real Estate Services, Inc. (C & S), and certain note modification agreements executed in favor of NationsBank. Green counterclaimed and requested a setoff, alleging that NationsBank failed to pay the proceeds of a construction loan into escrow and negligently paid from the proceeds the cost of “developed” land to…