Bluebonnet Savings Bank, F.S.B. v. Grayridge Apartment Homes, Inc.

OPINION

COHEN, Justice.

Appellant sought a deficiency judgment after it foreclosed its deed of trust on the Grayridge Apartments. The underlying promissory note was made by appellee Gray-ridge and was guaranteed by appellee Harry. The jury found that Bluebonnet was es-topped from asserting its deficiency claim, and that its rights were both waived and barred by laches. On appellees’ counterclaim, the jury found that Bluebonnet was grossly negligent in misrepresenting that the loan would be refinanced and awarded actual damages of $158,000 and exemplary damages of $474,000. The trial court…