Dennis v. Pearl

Subsequent to the entry of a final judgment of foreclosure, there was a sale of the real property upon which the mortgage lien attached. Because of "waste,” the property at judicial sale failed to sell at a price sufficient to make the plaintiff whole. The plaintiff then sought a deficiency decree. The court took extensive testimony and determined that there was a deficiency of $50,000 and that both parties to this appeal were jointly and severally liable to the plaintiff in foreclosure for the deficiency. Their liability was based upon that certain mortgage given by the appellee, Jeffrey G.…