Garrett v. Diamond

Deen, Presiding Judge.

The appellees are a real estate firm. Garrett and his wife were shown a house owned by the Diamonds and on July 12 he agreed to purchase it. The contract recites that the purchase price is $31,000: $1,000 cash down payment, assumption of existing V. A. loan in the amount of $27,000, "1st mortgage payment of $257.83,” and "a land contract in the amount of $3,000 with monthly payments of $62.58 for 60 months, 2nd mortgage.” The contract stipulates that it "constitutes the entire agreement between the parties” but it does not otherwise set out or limit the provisions of the…