Maudo, Inc. v. Stein

HENDRY, Judge.

Appellant is the maker of a note in the sum of $73,803 which was secured by a purchase-money mortgage of which the ap-pellee is owner and holder. Upon default in the payments on the obligations, appel-lee instituted successful foreclosure proceedings. Whereupon the appellee reac*404quired the property by bidding it1 in at the court ordered sale for $500. The appel-lee did not request a deficiency decree in the foreclosure proceedings, but instituted the instant legal proceedings seeking to recover on the note.

Subsequent to hearing, the court granted final judgment in the…