Concept Management, Ltd. v. Carpenter

McMurray, Presiding Judge.

J. Robert Carpenter sought confirmation of sale of real estate under a power of sale contained in a deed to secure debt executed by Concept Management, Ltd., a Georgia Limited Partnership, and Arthur M. DeFrancis, as general partner (debtors). The deed to secure debt was supported by a “wraparound” promissory note in the original principal amount of $753,200 and it encompassed an assembled parcel of real estate, formerly two parcels that are encumbered by separate security deeds executed in favor of Windsor Federal Savings & Loan Association (“Windsor Federal”).1…