United States ex rel. Small Business Administration v. Edwards

MEMORANDUM

McCLURE, District Judge.

I. BACKGROUND

This action arises out of a Note, mortgage and personal guaranties related to a loan made in February 1973 by the Small Business Administration (“SBA”) and the First National Bank of Carbondale to R & D Investments Inc. d/b/a Edwards Brothers Packing Co. (“Edwards Brothers”) in the amount of six hundred and fifty thousand dollars. On February 23, 1990 the United States initiated an action on behalf of the SBA for mortgage foreclosures and money judgment against defendant guarantors of the loan1. Defendants Delores and John Edwards filed, on March…