Bullock v. Bishop

The plaintiffs, James R. and Mary Lou Bishop, owned the property involved in this litigation and built a house on it. In June 1979, the house and lot were sold to Leon Davis, a business associate of defendant Walter D. Bullock, but Walter and his wife Brenda lived in the house. The Bishops financed the purchase and received a mortgage from Davis for monthly payments, which were not timely made. The Bishops foreclosed the Davis mortgage and bought the property at the foreclosure sale for the amount of the indebtedness. In February of 1980, the Bishops sold the property to Brenda J. Bullock.

Bren…