Reed v. Dyal

We hold that the trial judge correctly determined that appellants are indebted to appellee for the sum of $15,000.00, together with interest and court costs, and correctly entered a final judgment impressing an equitable lien or mortgage on appellants’ property, and foreclosing the same. It is immaterial that there were no specific “terms” nor provision for “acceleration” of the entire principle amount due. It is undisputed that appellee advanced the money to appellants, for the making of repairs on a home on appellants’ real property, payment to be secured by a first mortgage on the property…