Resolution Trust Corp. v. Summers & Miller Gleneagles Joint Venture

MEMORANDUM OPINION AND ORDER

SANDERS, Chief Judge.

Before the Court are Plaintiff’s Motion for Summary Judgment, filed September 12, 1991, Defendant’s Amended Response, filed October 28, 1991, and Plaintiff’s Reply, filed December 20, 1991.

Background

Plaintiff has brought this suit to recover from Defendants the deficiency balance allegedly owing on two promissory notes following Plaintiff’s foreclosure upon the real property securing the notes. The First Note, executed on September 5, 1985 by Defendant Summers & Miller Gleneagles Joint Venture (“Joint Venture”) had a face amount of…