Armstrong v. Csurilla
New Mexico Supreme Court
817 P.2d 1221 (1991)
Relevant factsFree
The Csurillas (defendants) breached contracts to buy property from the Armstrongs (plaintiffs) for $231,594, and after foreclosure, the Armstrongs repurchased the properties at a judicial sale for $90,000; the Csurillas objected to confirming the sale based on this price disparity but presented no appraisal or other evidence of the properties' actual fair market value, despite the gas station having significantly deteriorated by the time of repossession.
IssueFree
Whether, under commercial law, a court may invalidate a judicial sale if the disparity between the sale price and the fair market value of the property is so gross as to shock the court's conscience.
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