General Jackson Apartments v. Secor Bank, Federal Savings Bank

KENNEDY, Justice.

This case involves a foreclosure on an apartment complex wherein the mortgagee, Regions Bank of Louisiana (“Regions”), formerly known as Secor Bank, recouped as part of the money owed it by the mortgagor, General Jackson Apartments (“General Jackson”),1 an attorney fee it claimed to have incurred in regard to the foreclosure. The amount of the debt owed by General Jackson was $618,943.48. The amount of the attorney fee Regions alleged it had incurred was $92,-841.52; Regions also claimed expenses of $156.14. Regions claimed a total of $711,-941.14.

Regions bought the property…