Troy & Nichols, Inc. v. Ratcliffe
Louisiana Court of Appeal
1Opinion of the Court
STEWART, Judge.
Appeal from the granting of a summary judgment filed in a suit for deficiency judgment. We affirm.
FACTS
Appellants, Harvey B. Ratcliffe and Thelma Ratcliffe, experienced structural problems with their home financed by appellee, Troy & Nichols, Inc. They instituted suit against their contractors and subcontractors for recovery. Troy & Nichols allowed appellants, because of the lawsuit, to make partial payments on the note until such time as the litigation was completed. In mid-1988, Troy & Nichols provided appellants with written notice of its intent to reinstate their mortgage…
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