Rhoden v. Federal Deposit Insurance Corp.

RYDER, Acting Chief Judge.

Rodney D. Rhoden contests the trial court’s entry of a deficiency judgment in favor of the Federal Deposit Insurance Corporation (FDIC) and the court’s calculation of the amount of the deficiency. He raises four points on appeal. We affirm the entry of the deficiency judgment but reverse the amount awarded and remand to the trial court to correct the amount of the deficiency in accordance with this opinion.

Rhoden purchased the Sarasota Place Apartments in December 1984. In connection with the purchase, he executed two separate promissory notes to the County Bank. The…