Federal Financial Co. v. Delgado

OPINION

Opinion by

Justice CHAVEZ.

This is an appeal from a “no evidence” summary judgment granted in favor of the appellees, Rodolfo and Diana Delgado, on a claim brought against them by appellant Federal Financial Company (Federal) for enforcement of a promissory note. We reverse the summary judgment and remand for further proceedings.

On December 18, 1988, the Delgados signed a promissory note for $65,000 payable to Hidalgo Federal Savings and Loan Association, secured by a deed of trust hen on real property. In 1990, Hidalgo Federal Savings and Loan went into receivership with the Resolution…