Frio Investments, Inc. v. 4M-IRC/ROHDE

OPINION

REEVES, Justice.

Appellee, 4M-IRC/Rohde, a general partnership, brought this suit to enjoin foreclosure on land it had purchased from appellant Frio Investments, Inc., and for a declaratory judgment that it had paid Frio’s real estate lien note in full. Frio appeals from a judgment in favor of 4M.

The pertinent facts are largely undisputed. 4M purchased a tract of land containing approximately 19 acres from Frio for $1,250,000.00. Located on the land at the time of the sale was a trailer park, a building used as a bar and convenience store, a laundromat, some apartments, and a…