Miller Grading Contractors, Inc. v. Georgia Federal Savings & Loan Ass'n

Smith, Justice.

Appellant Miller Grading brought an action seeking to set aside a foreclosure sale. The trial court granted summary judgment in favor of appellee. We affirm.

1. The foreclosure sale in this case was conducted pursuant to a power of sale contained in a security deed held by appellee. Appellee, the highest bidder at the sale, bought the property for $75,000.00, a price which appellant contends is grossly inadequate.

“Inadequacy of price paid upon the sale of property under power will not of itself and standing alone be sufficient reason for setting aside the sale. It is only when…