Inland Greens HOA, Inc. v. Dallas Harris Real Estate-Construction Inc.

WALKER, Judge.

On 29 January 1990, Dallas Harris Real Estate-Construction, Inc. (“Dallas Harris”) executed a note and deed of trust to Mabel Durin Trask (“Trask”) in the amount of three-million two-hundred fifteen thousand dollars ($3,215,000.00) to secure the sale of certain property in New Hanover County. Dallas Harris developed this property to create two multi-family residential developments known as Inland Greens and Cedar Ridge at Inland Greens (“Cedar Ridge”). As Dallas Harris developed additional sections of Inland Greens and Cedar Ridge, Trask would release additional tracts of land…