Sokolosky v. Tulsa Orthopaedic Associates, Inc. Pension Trust for Employees

BARNES, Justice:

This is a suit on a promissory note and to foreclose a real estate mortgage securing the note. Plaintiffs-Appellees, D. M. and Phyllis J. Sokolosky, sold the subject real estate to the Defendant-Appellant. The transaction was handled by the Appellees’ agents, John Sanford and John Hausam, d/b/a John Hausam Realtors, who were made parties to this action. Appellees sold the property to Appellant in March, 1973, for a purchase price of $212,500.00, payable $50,000.00 down and $20,000.00 cash on closing. The balance was secured by execution of a note and first mortgage by…