Legal Opinion

Tahoe Highlander v. Westside Federal Savings & Loan Ass'n

Nevada Supreme Court

Decided January 12, 1979No. 9944PublishedCited by 9 opinions

1Opinion of the Court

OPINION

2Per curiam

On November 24, 1975, respondents foreclosed upon a deed of trust executed by appellant Tahoe Highlander. The deed of trust encumbered a 75-unit apartment complex at Incline Village, Nevada, and was given as security for a $1,400,000 promissory note to respondents’ assignor. The promissory note was also personally guaranteed by appellants Donald and Marlene Steinmeyer.

On January 24, 1976, respondents commenced this action, pursuant to NRS 40.455, seeking a deficiency judgment against appellants for the amount by which the total indebtedness exceeded the fair market value of the…

3Cases cited4 opinions

  1. Union Nat. Bk. of Ptgh. v. CrumpSupreme Court of Pennsylvania · 1944
  2. Briggs v. ZamalloaNevada Supreme Court · 1967
  3. Sorenson v. State Ex Rel. Department of HighwaysNevada Supreme Court · 1976
  4. Warner v. DillonNevada Supreme Court · 1976

4Cited by9 opinions

  1. Fayette County National Bank v. LillyWest Virginia Supreme Court · 1997
  2. De La Cuesta v. Fidelity Federal Savings & Loan Ass'nCalifornia Court of Appeal · 1981
  3. Building Energetix Corp. v. EHE, LPNevada Supreme Court · 2013
  4. Unruh v. StreightNevada Supreme Court · 1980
  5. Kennebec Savings Bank v. ChandlerSupreme Judicial Court of Maine · 1982

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