Vogt v. Dennett

OPINION

Affordable Living Homes, Inc. executed two promissory notes *304in favor of appellants Louis B. Vogt and Shirley Jenkins (Vogt and Jenkins) secured by real property and guaranteed by the five respondents (Guarantors) and by Coulter Homes, Inc. Affordable Living defaulted on the notes, and Vogt and Jenkins brought an action against the Guarantors for the amount due. Subsequently, Vogt and Jenkins foreclosed on the security on July 30, 1984, and they brought an action against the Guarantors for the difference between the sale price of the property and the amount due on the loan. However,…