ROGERS v. GREAT AMERICAN FEDERAL S. & L. ASS'N

No. 90-89.

801 S.W.2d 36 (1990)

304 Ark. 143

Douglas W. ROGERS, Vivian Elaine Rogers, Appellants, v. GREAT AMERICAN FEDERAL SAINGS AND LOAN ASSOCIATION, Appellee.

Supreme Court of Arkansas.

December 17, 1990.


Attorney(s) appearing for the Case

Robert J. Brown, Little Rock, for appellants.

Richard H. Wootton, Kenneth Breckenridge, Hot Springs, for appellee.


NEWBERN, Justice.

The appellants, Douglas W. and Vivian Elaine Rogers, mortgaged their homestead to the appellee, Great American Federal Savings and Loan Association (Great American), to secure a $500,000 note. The Rogerses borrowed the money and executed the note in favor of Great American to finance Mr. Rogers' home-building business. After default, the Rogerses defended against a foreclosure action on the ground that their homestead was not subject to foreclosure...

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