HOOL v. RYDHOLM

No. 83-2619.

467 So.2d 1038 (1985)

Irene T. HOOL, Appellant, v. C. Alfred RYDHOLM and Irene E. Rydholm, His Wife, Appellees.

District Court of Appeal of Florida, Second District.

Rehearing Denied April 29, 1985.


Attorney(s) appearing for the Case

John T. Allen, Jr., St. Petersburg, for appellant.

David Jonathan Ross of Fleece & Rhoades, and Marian H. McGrath of Carey & Harrison, St. Petersburg, for appellees.


RYDER, Chief Judge.

This case involves the question as to whether the interest charged on a purchase money wrap-around mortgage was usurious. The trial court found that it was not. We agree and affirm.

The parties here entered into a contract for sale whereby the appellant agreed to buy a condominium from the appellees for $83,500.00. At that time, Irene T. Hool, the appellant/buyer, paid $3,000.00 as earnest money. At the closing, Hool executed a wrap-around...

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