Nash v. Compass Bank
Court of Appeals of Georgia
1Opinion of the Court
Adams, Judge.
In 2004, Compass Bank loaned Nash Capital Corporation $3,500,000. To secure the debt, Nash Capital executed and delivered a deed to secure debt conveying to Compass a tract of Gwinnett County real property (the “Property”). Nash Capital defaulted on the loan, and on November 6, 2007, Compass conducted a foreclosure sale of the Property. Compass bought the Property for $2,600,000. Because Compass contended that the sale proceeds were less than the secured debt, Compass filed a report of sale and petition for confirmation with the superior court. Following an evidentiary hearing,…
2Cases cited7 opinions
- Wilson v. Prudential Industrial Properties, LLCCourt of Appeals of Georgia · 2005
- Wheeler v. Coastal BankCourt of Appeals of Georgia · 1987
- Cantrell v. Northeast Georgia Medical CenterCourt of Appeals of Georgia · 1998
- Marett Properties, L. P. v. Centerbank Mortgage Co.Court of Appeals of Georgia · 1992
- Brown v. StateCourt of Appeals of Georgia · 1992
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