Grayson v. Union Federal Savings & Loan Ass'n of Crawfordsville

OPINION

HOFFMAN, Senior Judge.

Defendants-Appellants Burl E. and Carolyn S. Grayson (collectively "the Gray-sons") appeal from the trial court's order granting the motion to correct order nunc pro tune of Plaintiff-Appellee Union Federal Savings & Loan Association of Craw-fordsville, Indiana ("Union Federal") in a mortgage foreclosure action against Tim and Janet Gregory (collectively "the Greg-orys").

The Gregorys purchased a business, real estate, equipment and inventory from the Graysons for $500,000.00. Union Federal provided purchase money and took a first mortgage in the building and a…