Edmundson Investment Co. v. Florida Treco, Inc.

In this case, there was a summary judgment for the plaintiff in a suit to recover the deficiency owed on a debt after a nonjudicial foreclosure. The Court of Appeals affirmed the summary judgment. 633 S.W.2d 599.

One of the problems was the value of the property foreclosed upon. The debtor contended that the property had a value exceeding the amount at which the property sold at foreclosure. The debtor asserted that the foreclosing party had at least acquiesced in the debtor’s higher estimate of the value of the property. As stated by the opinion of the Court of Appeals, this occurred some two…