Simard v. Burson
14 A.3d 6 (2011)
Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Burson (P), Substitute Trustees under a Deed of Trust, sold Property D for $192,000. D failed to go to settlement. Stan Zimmerman then purchased the Property for $163,000, but he too failed to go to settlement after the court ratified the sale. In June 2008, JBJ Real Estate LLC ('JBJ') purchased the Property for $130,000 and completed the sale after ratification by the court. P allocated the cost of the difference D's price of $192,000 and the Second Resale price of $130,000 to be paid by D. D he should be liable for only the shortage between the Original Sale price of $192,000 and the First Resale price of $163,000. The circuit court ratified the audit and denied D's motion for reconsideration. D appealed.
Issues
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Holding & Decision
The court's holding and decision will be displayed here.
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