ITT Commercial Finance Corp. v. Riehn

OPINION

HOWELL, Justice.

This is a suit for deficiency judgment following the repossession and sale of five mobile homes. ITT Commercial Finance Corporation (Lender) sued Richard Riehn, Christina Riehn, and Vicki Leigh Yowell (Debtors) under a financing agreement executed by Ricwell, Inc. (Corporation). The Corporation had secured “dealer floor plan” financing from Lender; by separate instruments, Debtors had personally guaranteed this debt. After the Corporation had defaulted, Lender had taken possession and sold all the collateral at a private sale.

Lender then filed this lawsuit to recover…