Video
 
Video LibraryOhio Channel Live
Store
 
Online StoreShopping Cart
About
 
Program DirectoryBroadcast ScheduleChannel LocatorAbout the Ohio ChannelFrequently Asked QuestionsContact UsAffiliatesJob OpportunitiesSite RequirementsMedia Information
 
 
VIDEOSTOREABOUT
 
Video Library Ohio Channel Live Governor John KasichOhio House Finance CommitteeOhio House of RepresentativesOhio SenateOhio Senate Education CommitteeOhio Senate Finance CommitteeOhio Senate Health, Human Services and Medicaid CommitteeOhio Senate Local Government, Public Safety and Veterans Affairs CommitteeState Board of EducationSupreme Court of Ohio
 
 
Online Store Shopping Cart
 
 
Program Directory Broadcast Schedule Channel Locator About The Ohio Channel Frequently Asked Questions Contact Us Affiliates Job Opportunities Site Requirements Media Information
 
 
 
Supreme Court of Ohio - 1-30-2019 - Case No. 2017-1377 Farmers State Bank v. Sponaugle Expand
 
 
January 30, 2019
01-30-2019
71 Views
Share Download Buy
 
Start At    sec      End At    sec
 
Width    px      Height    px
 
Link
Embed Code
Available Versions
Download 480p VideoDownload 720p VideoDownload 1080p Video
 
Collections
Supreme Court of Ohio
 
Description
The Farmers State Bank v. Steven Sponaugle et al., Case No. 2017-1377
Second District Court of Appeals (Darke County)

ISSUES:
- If a foreclosure decree is a non-final order, can a sheriff's sale be confirmed?
- Is a foreclosure decree that determines liability and the amount due to the foreclosing lender and that leaves the remaining amounts to be calculated later a final order allowing its execution?

BACKGROUND:
Karen and Steven Sponaugle obtained three loans from the Farmers State Bank for their home in Bradford. After the Sponaugles defaulted on their loans, Farmers State filed a foreclosure action in October 2013 against them and any others with an interest in the property. In an amended complaint filed with the trial court, Farmers State added American Budget Company and Midland Funding as defendants.

In a May 2014 settlement, the Sponaugles agreed to pay $120,000 to the bank on or before Aug. 23, but they didn't pay the bank by the deadline.

The court granted summary judgment to Farmers State, and the court's "judgment entry - decree of foreclosure" was entered in January 2016. In the decree, the court ordered the sale of the property and gave the following priorities to the claims against the property: property taxes owed to the Darke County treasurer; Farmers State's three mortgage loans; and American Budget Company's interest.
Related Links
Case Information For Case #2017-1377
Oral Argument Preview For Case #2017-1377
 
 
 
 
Copyright Disclaimer Terms of Use Contact Us Support
 
 
© 2019 The Ohio Channel / ideastream.
All Rights Reserved.