What Does “Materially Less” Mean in Tennessee Foreclosure Sales?

The Nashville Post interviewed me on what constitutes “materially less” in bank foreclosure sales in a December 14 article titled “Appeals court clarifies just what ‘materially less’ means in foreclosure auctions“. This clarification gives banks some guidance in determining what amount must be bid at a creditor’s foreclosure sale in order to preserve their deficiency balance.

Author: David

I am a creditors rights and commercial litigation attorney in Nashville, Tennessee.

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