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MORTON v. RIFAI

No. BB-352.

339 So.2d 707 (1976)

J.E. MORTON and William E. Morton, Appellants, v. Samy Farouk RIFAI and Maunira Rifai, Appellees.

District Court of Appeal of Florida, First District.

December 1, 1976.

Attorney(s) appearing for the Case

Jon D. White of Fisher, Bell & White, Pensacola, for appellants.

William K. Jennings, Fort Walton Beach, for appellees.

BOYER, Chief Judge.

In 1974 appellees Rifai sold to appellants Morton a parcel of real estate. In addition to a cash payment, the purchasers assumed an existing mortgage in favor of a federal savings and loan association and executed a promissory note for the balance of the purchase price, secured by a second mortgage encumbering the property. Thereafter, experiencing financial difficulties, the Mortons reconveyed the property to the Rifais but there was no agreement...

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