Hussey v. Ragsdale

OPINION

REID, Chief Justice.

This case presents an appeal by the purchaser of realty from the judgment of the Court of Appeals affirming a summary judgment for debt in favor of the appellants’ predecessors in title. The record does not support the summary judgment.

The original owners, George W. Hussey, et al. (Hussey), on November 3, 1983, conveyed the property by deed of trust to secure an FHA guaranteed loan to Hussey by Leader Federal Savings and Loan Association (Leader Federal) payable in monthly installments for a term of 30 years. Six days later, Hussey conveyed the property to Joe A.…