Gem City Savings & Loan Ass'n v. McCloskey

PRESIDING JUSTICE BARRY

delivered the opinion of the court:

In June of 1986 Gem City Savings and Loan Association, plaintiff-mortgagee, brought a mortgage foreclosure action against Kenneth A. McCloskey, defendant-mortgagor, in the circuit court of Fulton County. A judgment of foreclosure was entered finding the gross amount due to be $27,427. The sale was held on September 10, 1986, and the only bid was that of plaintiff for $15,000. The period of redemption expired on November 10, 1986, and on December 16 plaintiff filed a motion for a deficiency judgment in the amount of $12,657 plus…