Government National Mortgage Ass'n v. Belue

Judge Arnold Shulman.

After foreclosing on two adjacent, virtually identical townhomes owned by the appellee in the same development, the appellant applied to superior court pursuant to OCGA § 44-14-161 (a) for confirmation of the foreclosure sales. In each case, the appellant had acquired the property at the foreclosure sale for a bid of $44,000. Concluding that the appellant had failed to establish by a preponderance of the evidence that this represented the true market value of the two properties at that time, the trial court declined either to confirm the sales or to order a resale of the…