Great Western Bank v. Davis

Cooper, Judge.

Appellant foreclosed on an apartment complex pursuant to a deed to secure debt defaulted on by appellees. At the foreclosure sale, the property was sold for 1.9 million dollars. Pursuant to OCGA § 44-14-161, appellant filed an application for confirmation of the foreclosure sale. Prior to trial, appellees stipulated that appellant had complied with the statutory notice and advertisement requirements; therefore, the only issue for the trial court’s determination was whether the foreclosure sale returned the true market value of the property. After hearing evidence, the trial…