Legal Opinion
Anderson Brothers Bank v. Adams
Supreme Court of South Carolina
Decided July 8, 1991No. 23428PublishedCited by 7 opinions
1Opinion of the Court
Chandler, Justice:
In this foreclosure action, guarantors of a mortgage indebtedness appeal an order adjudicating them liable for the full amount of a deficiency judgment. We affirm in part, reverse in part and remand.
FACTS
In 1984, Respondent Anderson Brothers Bank (Bank) make a $125,000 loan to Howard and Deborah Adams (Debtors) secured by a first mortgage on 19 subdivision lots and a third mortgage on the Debtor’s home and surrounding acreage. First and second mortgages on the home were held by Peoples Federal Savings and Loan (Peoples Federal).
By late 1985, Debtors were experiencing…
2Cases cited4 opinions
- Salter v. UlrichCalifornia Supreme Court · 1943
- Elson Development Co. v. Arizona Savings & Loan Ass'nArizona Supreme Court · 1965
- Orphan Aid Society v. JenkinsCourt of Appeals of South Carolina · 1987
- Mace v. NorwoodSupreme Court of Kansas · 1942
3Cited by7 opinions
- North Charleston Joint Venture v. Kitchens of Island Fudge Shoppe, Inc.Supreme Court of South Carolina · 1992
- SCN MORTGAGE CORPORATION v. WhiteSupreme Court of South Carolina · 1994
- Cisson Construction, Inc. v. Reynolds & Associates, Inc.Court of Appeals of South Carolina · 1993
- SCN Mortgage Corp. v. WhiteCourt of Appeals of South Carolina · 1992
- Standard Federal Savings Bank v. H & W BuildersSupreme Court of South Carolina · 1994
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