IDS HOMES CORPORATION v. Lucas

Undercofler, Justice.

This appeal is from the grant of an interlocutory injunction halting foreclosure proceedings under a security deed. The appellant contends that the injunction improperly issued because there was no tender of amounts admitted to be due. The appellee Lucas contends that tender was unnecessary because the security deed being foreclosed was usurious and without consideration.

The litigation grows out of Lucas’ purchase of a prefabricated house from Adrian Housing Corporation for $7,365. The house was erected on Lucas’ lot. Lucas gave Adrian Housing Corporation a note and…