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Hamilton Inv. Trust v. Escambia Developers, Inc.

Hamilton Inv. Trust v. Escambia Developers, Inc., 352 So. 2d 883 (Fla. Dist. Ct. App. 1977)
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Court
District Court of Appeal of Florida · State Appellate Courts
Decided
November 10, 1977
Docket
No. BB-54
Judges
Per Curiam
Citations
352 So. 2d 883
Cited by 14

Opinion — Per Curiam

352 So.2d 883 (1977)

HAMILTON INVESTMENT TRUST, Appellant,

v.

ESCAMBIA DEVELOPERS, INC., M.G. Drake, and Associated Developers of Florida, Inc., Appellees.

No. BB-54.

District Court of Appeal of Florida, First District.

November 10, 1977. Rehearing Denied December 29, 1977.

Hugh M. Taylor and W. Robert Olive, Jr. of Bryant, Dickens, Franson & Miller, Tallahassee, for appellant.

Jack S. Graff and William Rankin of Levin, Warfield, Middlebrooks, Graff, Mabie, Rosenbloum & Magie, Pensacola, for appellees.

PER CURIAM.

This is an appeal from a judgment denying a deficiency following a mortgage foreclosure.

The testimony before the trial judge was concentrated upon the value of the property. One such witness placed the value at a sum less than the indebtedness, while another witness placed the value at a sum which exceeded the indebtedness.

"The discretion to grant (or deny) deficiency decrees in mortgage foreclosure suits, provided for by statute (Sec. 702.06, Fla. Stat., F.S.A.), is not absolute and unbridled *884 but is a `sound judicial discretion', Carlson v. Becker, Fla. 1950, 45 So.2d 116 . The exercise of such discretion in denial of a deficiency decree must be supported by disclosed equitable considerations which constitute sound and sufficient reasons for such action. Scheneman v. Barnett, Fla. 1951, 53 So.2d 641 ; Kissling v. McCarthy, Fla.App. 1958, 100 So.2d 434 ; Kurkjian v. Fish Carburetor Corporation, Fla.App. 1962, 145 So.2d 523 ; Colmes v. Hoco, Inc. of Dade County, Fla.App. 1963, 152 So.2d 524 . Therefore, the determinative question here is whether the chancellor abused discretion in denying the mortgagees' motion for a deficiency decree." Larsen v. Allocca, Fla. App., 187 So.2d 903 .

If the value of the foreclosed property exceeds the debt, the chancellor is authorized in denying a deficiency. There is competent substantial evidence in this record to conclude that the trial judge found this was the case.

The judgment is, therefore, AFFIRMED.

BOYER, C.J., RAWLS, J., and McDONALD, PARKER LEE, Associate Judge, concur.

How later courts describe this case

No later court has written an explanatory parenthetical about this case yet.

Cited by 14 cases

View all citing references →
1979: 11980: 21981: 21984: 11985: 11986: 11987: 11990: 31991: 12002: 119792026peak 1990 · 3

Relies on it most ⓘ

  1. Wilson v. Adams & Fusselle, Inc.467 So. 2d 345 (Fla. Dist. Ct. App. 1985)
  2. MUNICIPAL S & L CORP. v. Fiorentino512 So. 2d 228 (Fla. Dist. Ct. App. 1987)
  3. Mt. Carmel Estates, Inc. v. Regions Bank853 So. 2d 160 (Ala. 2002)
  4. Barnard v. FIRST NAT. BK. OF OKALOOSA CTY.482 So. 2d 534 (Fla. Dist. Ct. App. 1986)
  5. Federal Deposit Insurance Corporation v. Morley915 F.2d 1517 (3d Cir. 1990)
  6. FLAGSHIP STATE BANK, ETC. v. Drew Equipment Co.392 So. 2d 609 (Fla. Dist. Ct. App. 1981)

Most recent

  1. Mt. Carmel Estates, Inc. v. Regions Bank853 So. 2d 160 (Ala. 2002)
  2. South Atlantic Production Credit Ass'n v. Morgan573 So. 2d 965 (Fla. Dist. Ct. App. 1991)
  3. Community Bank of Homestead v. Valois570 So. 2d 300 (Fla. Dist. Ct. App. 1990)
  4. Federal Deposit Insurance Corporation v. Morley915 F.2d 1517 (3d Cir. 1990)
  5. Federal Deposit Insurance v. Morley915 F.2d 1517 (11th Cir. 1990)
  6. MUNICIPAL S & L CORP. v. Fiorentino512 So. 2d 228 (Fla. Dist. Ct. App. 1987)

Citing references are not a citator: they show that a later opinion cites this case, not whether it followed, distinguished, or overruled it. Check negative history before relying on this case.

Authorities cited 6

DepthCaseCited by
Carlson v. Becker, 45 So. 2d 116 (Fla. 1950) 30
Kurkjian v. Fish Carburetor Corp., 145 So. 2d 523 (Fla. Dist. Ct. App. 1962) 26
Scheneman v. Barnett, 53 So. 2d 641 (Fla. 1951) 18
Kissling v. McCarthy, 100 So. 2d 434 (Fla. Dist. Ct. App. 1958) 13
Colmes v. Hoco, Inc., 152 So. 2d 524 (Fla. Dist. Ct. App. 1963) 13
Larsen v. Allocca, 187 So. 2d 903 (Fla. Dist. Ct. App. 1966) 10

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