GREENBANK v. STERLING VENTURES, L.L.C., ET AL.

Dec 07, 2012

OUTCOME: Lender's Foreclosure Bid that represented 86% to 91% of Debtor's claimed fair market value was not "materially less" than fair market value and deficiency was upheld.

The first decision critically examining the text of Tenn. Code Ann. §35-5-118 and deciding what “materially less” means in the foreclosure deficiency statute.