Webster v. Wishon

ORDER

ROSS T. ROBERTS, District Judge.

This matter is before the court for a decision on the merits, based upon a stipulated set of facts. For the reasons stated below, judgment will be entered in favor of the Farmers Home Administration.

I

Statement of the Case

At issue is entitlement to surplus funds realized from a trustee’s sale of real property. Plaintiff is the substitute trustee on a first deed of trust executed by defendants Clyde and Norma Wishon in favor of First Security Savings Association, securing a note in the amount of $11,200. That deed of trust was filed on October 2, 1975.…