Legal Opinion
Preston Reserve LLC, Arthur A. Lancaster, Jr., Lacy C. Howe & Robert S. Peek, Jr. v. Compass Bank
Texas Court of Appeals, 14th District (Houston)
Decided April 24, 2012No. 14-11-00045-CVPublishedCited by 25 opinions
1Opinion of the Court
OPINION
WILLIAM J. BOYCE, Justice.
This is a suit to recover a deficiency remaining after a foreclosure sale of land securing a promissory note. Preston Reserve, L.L.C., Arthur A. Lancaster, Jr., Lacy C. Howe, and Robert S. Peek, Jr. (“Borrowers”) appeal a judgment in favor of Compass Bank, contending that the trial court (1) erred by concluding that there was a deficiency after a foreclosure sale because there was no legally sufficient evidence to support a fair market value finding of less than $2.7 million; and (2) should have entered a take nothing judgment against Compass Bank. We reverse…
2Cases cited20 opinions
- City of Keller v. WilsonTexas Supreme Court · 2005
- McGalliard v. KuhlmannTexas Supreme Court · 1986
- Uniroyal Goodrich Tire Co. v. MartinezTexas Supreme Court · 1998
- Porras v. CraigTexas Supreme Court · 1984
- First State Bank v. KeilmanCourt of Appeals of Texas · 1993
15 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Plainscapital Bank v. William MartinTexas Supreme Court · 2015
- Vonda Barnhart v. Sylvia Morales and Luis PerezCourt of Appeals of Texas · 2015
- Kmart Stores of Texas, L.L.C. v. RamirezCourt of Appeals of Texas · 2016
- Village Place LTD and Bob Yari v. VP Shopping, LLC, Texas Court of Appeals, 1st District (Houston)2013
- Custom Transit, L.P., Richway Cartage, Inc., and Custom Operations, LLC v. Flatrolled Steel, Inc., Texas Court of Appeals, 14th District (Houston)2012
20 more not listed; retrieve them via the Exa API.