Russell Harold Sitton and Barbara Sitton v. United States of America

JONES, Circuit Judge:

In 1960, appellants, Russell and Barbara Sitton, executed, in Texas, a note and deed of trust to T. J. Bettes Company to secure a loan for the purpose of buying a home in Dallas, Texas. At the request of the Sittons, the note was partially guaranteed by the Veterans Administration pursuant to the Servicemen’s Readjustment Act of 1944, as amended, 38 U.S.C.A. § 1803. The note and deed of trust were subsequently assigned but the T. J. Bettes Company continued as servicing agent for the loan. On September 7, 1962, the Sittons conveyed the property by deed to W. R. Trout and…