Biel Reo, LLC v. Lee Freyer Kennedy Crestview, LLC

KING, JUSTICE, FOR THE COURT:

¶ 1. In this case involving two default commercial notes, Biel REO, LLC ("Biel REO"), filed a breach of contract and guaranty action in the Harrison County Circuit Court. Note 1 was secured by property in Okaloosa County, Florida. While the Mississippi case remained pending, Biel REO foreclosed on the collateral property located in Florida and obtained a deficiency judgment against Lee Freyer Kennedy Crestview, LLC ("LFK Crestview"), in the Okaloosa County Circuit Court. Biel REO now appeals the Harrison County Circuit Court's finding that because Biel REO had…