Back Bay at Carillon LLC v. Quality Properties Asset Management Co.

VILLANTI, Judge.

Back Bay at Carillon LLC and Echelon Development LLC (collectively “Appellants”) appeal the final deficiency judgment entered against them after Bank of America foreclosed on a construction loan and then assigned the foreclosure judgment to Quality Properties Asset Management Company. Quality Properties has conceded that the deficiency judgment fails to account for $181,671.11 in proceeds that Quality Properties — through Bank of America — received from the court-appointed receiver. In addition, the record shows that the deficiency judgment fails to account for the value of…