Greenwood Homes, Inc. “Greenwood”, Chris K. Beaty, and C.M. Beaty collectively, “Appellants” appeal from the trial court’s order approving an application “Application” by Regions Bank “Regions” under OCGA § 44-14-161 for confirmation of a non-judicial foreclosure sale of property. Appellants contend that, in valuing the property, Regions’ appraiser used an inherently flawed “investment valuation” methodology which entailed improper deductions and also erroneously relied on distress sales as comparable sales. Given such flaws, Appellants claim that Regions failed to present any evidence establishing the property’s true market value. Since the trial court’s confirmation order was supported by the competent valuation testimony of Regions’ appraiser, we affirm. Value on the date of sale is a factual question to be resolved by the trier of fact. In a proceeding for confirmation of a foreclosure sale of real property, the judge sits as a trier of fact, and his findings and conclusions have the effect of a jury verdict. Where the trial judge, sitting as the trier of the facts, hears the evidence, his finding based upon conflicting evidence is analogous to the verdict of a jury and should not be disturbed by a reviewing court if there is any evidence to support it. Footnote and punctuation omitted. Trefren v. Freedom Bank of Ga. , 300 Ga. App. 112, 113 684 SE2d 144 2009. The record shows that on April 30, 2007, Greenwood executed a promissory note in Regions’ favor in the original principal amount of $2,316,225.00 in connection with a loan to fund the acquisition and development of seventeen townhome lots in the Westchase Glen subdivision in Fulton County “the Property”. On the same date, Greenwood executed a deed to secure debt and security agreement granting Regions a security interest in the Property. The Beatys apparently agreed to guarantee Greenwood’s indebtedness to Regions.
On July 11, 2008, Regions notified Appellants that they were in default of their payment obligations and accelerated and declared due the remaining principal balance of $693,596.80 under the promissory note. Earlier in the month, Regions had retained Kenneth Cantrell, an MAI-designated commercial appraiser, to value the Property, and Cantrell provided Regions with his detailed written appraisal the “Appraisal” on July 22, 2008, concluding that the Property’s market value was $509,600.001
