Black v. Alpha Financial Corp.

HOWE, Justice:

This is an appeal from a judgment forfeiting the buyer’s interest in a real estate contract and restoring the sellers to possession of the property.

Plaintiffs (sellers) entered into a Uniform Real Estate Contract with defendant (buyer) for the sale and purchase of a shopping center in Davis County, Utah. The contract provided for a down payment and monthly installments over the life of the contract. After paying on the contract for over 2 years, the buyer became delinquent in its payments and the sellers served upon it a written notice pursuant to paragraph 16(a) of the…