Jones v. Missouri Savings Ass'n

KINKEADE, Justice.

Allen N. Jones appeals from a summary judgment granted in favor of Missouri Savings Association (MSA) for a $143,618 deficiency on five promissory notes. Jones contends in his sole point of error that the trial court erred in granting MSA’s motion for summary judgment because a genuine issue of material fact exists regarding MSA’s status as a holder in due course. We disagree.

Jones purchased five condominiums in 1982. Congressional Mortgage Corporation provided the initial financing for the condominiums and then sold the loans in the secondary market to MSA. Eventually,…