Burns v. Pugmire

Cooper, Judge.

Appellants, unable to obtain financing from a lending institution to purchase a house owned by appellees, entered into a contract for the sale of realty with appellees. The contract, executed by the parties without the assistance of an attorney, provided that the purchase price of said property was $79,500, to be paid as follows: “Six Hundred Seventy-Five and 00/100 Dollars ($675.00) per month, including taxes and insurance for mortgage holder’s contract period remaining, or until buyer elects to refinance.” The contract specifically acknowledged appellees’ receipt of $4,000…