Farmers State Bank v. Sponaugle

The Supreme Court reversed the judgment of the court of appeals reversing the trial court's order confirming the sale of Homeowners' property after the trial court entered a foreclosure decree in favor of Bank, holding that the foreclosure decree was a final, appealable order.Homeowners challenged the trial court's entry of a foreclosure decree in favor Bank. The court of appeals dismissed the appeal for lack of a final, appealable order because the foreclosure decree did not state the amounts owed to two other lienholders. During the appeal, Homeowners' property was sold at a sheriff's sale. Homeowners' second appeal challenged the trial court's order confirming the sale of the property. The court of appeals concluded that the law-of-the-case doctrine required adherence to its earlier decision that the foreclosure decree was not a final, appealable order, and therefore, the trial court had no authority to confirm the sale. The Supreme Court reversed and reinstated the trial court's confirmation of sale, holding that the foreclosure decree against Homeowners was a final, appealable order that fully addressed the rights and responsibilities of all parties. View "Farmers State Bank v. Sponaugle" on Justia Law