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BUILDERS FIN. CO. INC. v. RIDGEWOOD HOMESITES, INC.

No. 3751.

157 So.2d 551 (1963)

BUILDERS FINANCE CO., INC., OF ST. PETERSBURG, A FLORIDA CORPORATION, MASSCO, INC., OF SARASOTA, A FLORIDA CORPORATION AND STANLEY FREIFELD, APPELLANTS, v. RIDGEWOOD HOMESITES, INC., A FLORIDA CORPORATION, AND SARASOTA BANK AND TRUST COMPANY, A BANKING CORPORATION UNDER THE LAWS OF FLORIDA, APPELLEES.

District Court of Appeal of Florida, Second District.

Rehearing Denied November 19, 1963.

Attorney(s) appearing for the Case

Goldner, Carney & Marger, St. Petersburg, for appellants.

Williams, Parker, Harrison & Dietz, Sarasota, and Wolfe, Bonner & Hogan, Clearwater, for appellees.

MURPHREE, JOHN A.H., Associate Judge.

This is an appeal from a deficiency decree growing out of the foreclosure of a purchase money real estate mortgage, and from a judgment for costs and expenses of the suit entered against a co-maker of the mortgage based upon his indemnity agreement with the mortgagee.

The mortgage provided that the mortgagee, Builders Finance Company, Inc., could reconvey the property to the...

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