Court Opinion

ID: 213203
Source: CourtListenerOpinion
Date Created: 2011-03-24 23:59:14+00
Date Added: 2024-06-11T17:28:14.589723
License: Public Domain

PER CURIAM:
  
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  Defendant-Appellant Steve McKeever served as the borrower’s guarantor in connection with a real estate loan from Plaintiff-Appellee Regions Bank to a third party. Following Regions’s foreclosure, in which it purchased the encumbered property at the trustee’s sale for $550,000, Regions sued McKeever to recover $335,416.84 as the deficiency remaining following that purchase. Responding to the suit, McKeever asserted a number of defenses including,
  
   inter alia,
  
  (1) the Supreme Court of Texas has never addressed the applicable portions of the Texas Property Code regarding waiver, (2) the waiver provision of the applicable section is void as an unenforceable penalty, (3) he did not clearly and unequivocally waive his right to have the deficiency measured by the fair market value of the property, and (4) genuine issues of material fact preclude summary judgment.
 

  We have carefully reviewed the record on appeal, including the briefs of the parties and — especially—the district court’s Order Granting Motion For Summary Judgment of May 3, 2010. As a result of our de novo review, we are satisfied that district court’s grant of summary judgment was providently granted for essentially the same reasons patiently and completely set forth in its Order. Accordingly,
   
   *537
   
  the Final Judgment of the district court and all orders issued in connection with this action are AFFIRMED.
 

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   Pursuant to 5th Cir. R. 47.5, the court has determined that this opinion should not be published and is not precedent except under the limited circumstances set forth in 5th Cir. R. 47.5.4.