Arnold v. Farmers Bank of Union Point

Deen, Presiding Judge.

Appellants Arnold and Aldridge borrowed $205,000 from appellee bank in two separate transactions. The loans were secured by a 104.1-acre tract of real estate which appellants were developing as residential lots around a man-made lake. After appellants defaulted on the *329loans, the bank foreclosed and the property was sold for $124,000 at public auction. A confirmation application was filed with the lower court and this appeal is brought from the trial court’s order confirming the sale. Arnold and Aldridge contend that there was no competent evidence to support the…