BancorpSouth Bank v. Paramont Properties, L.L.C.
Missouri Court of Appeals
1Opinion of the Court
OPINION
MARY K. HOFF, Judge.
Paramont Properties, L.L.C. et. al (Par-amont) appeals from the grant of summary judgment in favor of BancorpSouth Bank (BancorpSouth). We affirm.
Factual and Procedural Background
BancorpSouth 1 filed suit against Para-mont for the deficiency owed on four promissory notes (Notes) Paramont, a local developer, executed between July 12, 2006-March 28, 2007, with respect to two of its residential developments in the St. Louis area. The Notes were secured by deeds of trust on the two developments, Cambridge Hills and Heritage Farms. The deeds of trust were foreclosed upon…
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