Legal Opinion

In Re the Foreclosure of a Deed of Trust Executed by Fuller

Court of Appeals of North Carolina

Decided June 6, 1989No. 8828SC1111PublishedCited by 2 opinions

1Opinion of the Court

LEWIS, Judge.

Respondents’ sole assignment of error is the court’s allowing foreclosure on Tract III as described in the Deed of Trust in contravention of the anti-deficiency statute, G.S. 45-21.38. They argue that the language of the statute limits petitioners to foreclosure on the land actually sold by them to respondents. We do not agree.

At the outset we hold that G.S. Section 45-21.38 is not applicable. It states:

In all sales of real property by mortgagees and/or trustees under powers of sale contained in any mortgage or deed of trust executed after February 6, 1933, or where judgment or…

2Cases cited2 opinions

  1. Merritt v. RidgeSupreme Court of North Carolina · 1988
  2. Gambill v. BareCourt of Appeals of North Carolina · 1977

3Cited by2 opinions

  1. Brumley v. Mallard, L.L.C.Court of Appeals of North Carolina · 2002
  2. D.R. Allen & Son, Inc. v. Harwal, Inc.Court of Appeals of South Carolina · 1992

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