Barnes v. LPP Mortgage, Ltd.
Court of Appeals of Texas
1Opinion of the Court
OPINION
Opinion By
Justice O’NEILL.
Appellants Kenneth Barnes and Thomas Lindsey guaranteed two loans from the Small Business Administration (SBA) to Antonio’s Incorporated. Appellee LPP Mortgage, Ltd. purchased one of the two loans and filed suit against Barnes and Lindsey to collect on the guaranties. Barnes and Lindsey appeal the trial court’s grant of summary judgment to LPP. We affirm the trial court’s judgment.
Background
The SBA made a disaster loan in the principal amount of $60,500 to Antonio’s Incorporated after a tornado damaged a building owned by the corporation. Barnes and Lindsey,…
2Cases cited26 opinions
- FM Properties Operating Co. v. City of AustinTexas Supreme Court · 2000
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- Burns v. ThomasTexas Supreme Court · 1990
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- Johnson v. Structured Asset Services, LLC, Texas Court of Appeals, 5th District (Dallas)2004
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