Germany v. Nelson

GREENE, Judge.

On August 31, 1981, Murray and Roberta Germany contracted to sell real estate they owned in Greene County, Missouri, to defendants Ronald and Mary Nelson. The purchase price of the property was $140,-000. The written contract provided that the Nelsons assume and pay two notes totaling approximately $113,000 secured by deeds of trust, and to pay the Germanys their equity of $26,753, in monthly installments of $2,000. In addition, a $10,000 payment was to be made to the Germanys on February 1, 1982, and the balance of their equity, approximately $14,000, was to be paid on August…