FIRST UNION NAT. BANK OF GEORGIA v. Cook
Court of Appeals of Georgia
1Opinion of the Court
Birdsong, Presiding Judge.
In Case No. A96A1332, First Union National Bank of Georgia appeals from a judgment for $350,000, based upon a jury verdict, on Howell T. Cook’s claims that First Union wrongfully foreclosed on his property and breached its contract with him by wrongfully foreclosing after the security deed had been marked paid.
In 1988 Cook borrowed $50,000 from First Union, signed a note promising repayment of the loan in 90 days, and also executed a security deed giving First Union a power of sale over property on which Cook was constructing a house. The security deed also included…
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