Peterson v. Sutton

The appellant was plaintiff below, having brought this action as a means of obtaining a deficiency decree against the appellees for $5,000.00. This law suit arose because of the execution of an installment real estate note, secured by the property sold, made payable to the appellant from the appellees, in the amount of $45,000.00. The note was executed in the state of Georgia during 1965. Some time after the note’s execution, the appellees, who were the purchasers of the property which secured the note, defaulted on said note. The note contained a foreclosure provision, and pursuant thereto,…