Snow v. Western Savings & Loan Ass'n
Arizona Supreme Court
1Opinion of the Court
FELDMAN, Justice.
William J. and Eleanor J. Snow (Snows) petitioned this court to review a court of appeals decision partially affirming a summary judgment in favor of Western Savings & Loan Association (Western). The Snows seek to recover damages from a real estate sale lost in 1982 when Western threatened to invoke its due-on-sale clause if the Snows transferred mortgaged property without its consent to buyers who would hot agree to an increase in interest rates and changes in other loan conditions.
Acknowledging that it is now clear that lenders cannot enforce due-on-sale clauses to exact…
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