Vermont National Bank v. Leninski

The majority today holds that a court may disregard the value established by auction after strict foreclosure, even though defendants failed to demonstrate that plaintiff bank acted in bad faith or without reasonable diligence in disposing of the property. After almost a decade during which we reversed a sizeable number of tax appeals because the State Board of Appraisers or the superior court did not adequately explain its rationale, we now not only affirm such oversight, but adopt the same ipse dixit standard of explanation that we have vigorously and repeatedly criticized.

I agree with the…