Gray v. Jackson Purchase Production Credit Ass'n

HOWARD, Judge.

This is an appeal from an order of the McCracken Circuit Court which denied appellant’s motion pursuant to CR 55.02 and CR 60.02 to set aside a default judgment.

On November 16, 1981, the Jackson Purchase Production Credit Association (hereinafter referred to as PCA) filed suit seeking judgment on appellant’s delinquent note and foreclosure on the property securing it. A default judgment was subsequently entered against appellant and the property. Some 41.48 acres were sold at a judicial sale for $8,000.00, two-thirds of the appraised value. On June 16, 1982, appellant filed his…