Citibank v. Van Velzer

OPINION

HOWARD, Judge.

¶ 1 Appellant Citibank appeals from the trial court’s granting of summary judgment dismissing its promissory note deficiency action against appellee Virginia Van Velzer. We affirm.

BACKGROUND

¶2 In July 1988, Oracle/Roger Limited Partnership (the Partnership) borrowed $2,250,000 from Citibank to acquire real property and build a shopping center. It signed a promissory note and deed of trust documenting the transaction. John Van Velzer, Virginia’s husband at the time, also signed the promissory note “individually.” In consideration for his execution of the loan documents,…