Webbe v. Keel

DANIEL E. SCOTT, Judge.

A contract for deed stated a $30,000 price, payable 10% down and the $27,000 balance in 144 monthly payments of $300. *756The buyers sued for a deed after 90 months, claiming that 90 x $300 = $27,000. They lost on summary judgment. We affirm.

Background

Appellants (“Buyers”) wanted to buy a house from Respondents (“Sellers”), but could not get a mortgage, so the parties made a contract for deed that stated in part:

• A selling price of $30,000, less a 10% down payment of $3,000, for a balance due of $27,000.

• “Payment to begin August 3, 2002, and continue each month for 144…