Tarrant Savings Association, a Corporation, Petitioner v. Lucky Homes, Inc., Respondents

Summary

The Texas Supreme Court held that the respondents failed to meet their burden of proving that the foreclosure sale was invalid due to lack of proper notice, that a deficiency judgment is not dependent on the validity of the sale, that an inadequate sale price alone does not void the sale, and that a mortgagee may lawfully purchase at its own foreclosure sale. Accordingly, the Court reversed the Court of Civil Appeals and affirmed the trial court's deficiency judgment.