Rosestone Properties, Inc. v. Schliemann

OPINION

TIJERINA, Justice.

This is an appeal from a deficiency judgment arising from a nonjudicial foreclosure sale of real property. The trial court, without jury, rendered judgment in favor of appellee in the sum of $44,859.76.

The original transaction occurred in 1973 when appellee sold a tract of land consisting of approximately fifty acres situated in Lee County to S.F. Judd, his wife, Deborah Judd, and Mobile Services, Inc. The grantees, as part of the consideration, executed a promissory note in the original prin cipal sum of $74,000.00 and a deed of trust. Subsequently, the house burned…