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PIERCE v. DeZEEUW

No. 90CA1584.

824 P.2d 97 (1991)

Thomas H. PIERCE and Catherine Pierce, Plaintiffs-Appellants, v. Mary Lou DEZEEUW and Jose A. Ramirez, Defendants-Appellees.

Colorado Court of Appeals, Div. IV.

Rehearing Denied October 10, 1991.

Certiorari Denied February 18, 1992.

Attorney(s) appearing for the Case

Nelson, Reid & Schwartz, Daniel W. Dean, Fort Collins, for plaintiffs-appellants.

Woods, Kinney & Breithaupt, P.C., Stevens P. Kinney, II, Englewood, for defendants-appellees.

Opinion by Judge ROTHENBERG.

Plaintiffs, Thomas H. and Catherine Pierce, appeal the judgment of the trial court entered in favor of defendants, Mary Lou DeZeeuw and Jose A. Ramirez. We reverse and remand with directions.

I.

In May 1983, defendants sold their residence to Investment Properties I. As part of the real estate transaction, defendants received a promissory note and deed of trust from Investment Properties I. The note was made payable to...

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