MOON REALTY CO., INC. v. ARKANSAS REAL ESTATE

No. 77-198.

560 S.W.2d 800 (1978)

MOON REALTY COMPANY, INC., Appellant, v. ARKANSAS REAL ESTATE COMPANY, INC., et al., Appellees.

Supreme Court of Arkansas, Division 2.

January 30, 1978.


Attorney(s) appearing for the Case

House, Holmes & Jewell by Paul W. Stanfield and Charles R. Nestrud, Little Rock, for appellant.

Pearce, Robinson & McCord by H. Clay Robinson, Fort Smith, for appellees.


HOLT, Justice.

At a foreclosure sale appellant purchased certain real property belonging to two of the appellees, Arkansas Warehouse Corporation and Rose Courts. The foreclosure sale resulted from these two appellees' default on a $70,000 note. At the time of the judicial sale, the total indebtedness of these appellees, including interest and costs, was approximately $113,000. Appellant paid $5,000 in excess of this amount at the foreclosure. The court's order of...

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