LRD, LLC v. State Bank & Trust Co.

Phipps, Chief Judge.

These appeals are from orders confirming the foreclosure sales of two parcels of real property purchased by LRD, LLC. At issue is whether the lender proved the parcels’ true market values as of the date of the foreclosure sales. We find that the evidence was sufficient, and affirm.

*645On July 6, 2010, State Bank and Trust Company (“State Bank”) foreclosed on two parcels of real property1 that had served as security for loans made to LRD, LLC, and guaranteed by several individuals, including Leo Owens, Ralph Barlow, and Joseph Hession.2 State Bank was the highest bidder at the…