WOOD RIVER DEVELOPMENT, INC. v. ARMBRESTER

87-751.

547 So.2d 844 (1989)

WOOD RIVER DEVELOPMENT, INC., et al. v. William B. ARMBRESTER and Carrie Lee Armbrester.

Supreme Court of Alabama.

Rehearing Denied June 23, 1989.


Attorney(s) appearing for the Case

Michael E. Brodowski of Brodowski & Abbott, Huntsville, for appellants.

James S. Hubbard, Anniston, and Thomas Reuben Bell, Sylacauga, for appellees.


SHORES, Justice.

This is an appeal from the confirmation of a judicial foreclosure sale.

In July 1985, William B. Armbrester and Carrie Lee Armbrester sold to Wood River Development, Inc. ("Wood River"), a parcel of undeveloped land located in Talladega County, for $200,000. In accordance with the terms of the sale, Wood River paid to the Armbresters $40,000 down and executed a purchase money note and mortgage for the outstanding balance of $160,000, to be...

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