SMITH v. CITIZENS &c. FINANCIAL CORP.

35779.

245 Ga. 850 (1980)

268 S.E.2d 157

SMITH et al. v. CITIZENS & SOUTHERN FINANCIAL CORPORATION et al.

Supreme Court of Georgia.

Decided June 10, 1980.


Attorney(s) appearing for the Case

Moreton Rolleston, Jr., for appellants.

Jerry B. Blackstock, Karen Wildau, J. Patton Hyman, III, for appellees.


BOWLES, Justice.

Appellants, the Smiths, were the owners of a piece of undeveloped land near Northside Hospital which they leased to a group of developers who planned to build a medical office complex. The developers obtained a $3,000,000 construction loan from Washington Mutual Savings Bank in return for which developers and appellants were required to execute a security deed. $2.7 million was to be advanced initially and...

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