Horizon Savings v. Wootton

Quillin, Presiding Judge.

Defendants-appellants, Faye and Arthur Wootton, appeal from the trial court’s order granting summary judgment in favor of plaintiff-appellee, Horizon Savings (“Horizon”), in Horizon’s action asserting a deficiency judgment against the Woottons. We reverse.

The Woottons received a loan from Horizon in order to purchase a 1987 Oldsmobile 98 Regency automobile. As a condition of the loan, the Woottons gave Horizon a security interest in the automobile until the loan was paid in full.

Horizon repossessed the automobile when the Woottons failed to make timely payments on the…