Northwest Farm Credit Services v. Lake Cascade Airpark, LLC

J. JONES, Justice.

Northwest Farm Credit Services recovered a deficiency judgment against the Appellants following the foreclosure of two mortgages on property located in Valley County. Lake Cascade Airpark, LLC, Donald Miller, and Candace Miller appealed the judgment, contending that the reasonable value of their foreclosed property was substantially more than the value determined by the district court.

I

BACKGROUND

Although currently inactive, the Lake Cascade Airstrip, which lies next to Lake Cascade in Valley County, was at one point “one of the premier recreational strips in Idaho.” In 2004,…