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INLAND GREENS HOA, INC. v. DALLAS HARRIS REAL ESTATE-CONSTRUCTION INC.

No. COA97-144.

492 S.E.2d 359 (1997)

INLAND GREENS HOA, INC., Cedar Ridge at Inland Greens, Inc., James W. Sawyer and wife, Eileen Sawyer, Norman Ralph Pippin and wife, Dorothy Pippin, Plaintiffs, v. DALLAS HARRIS REAL ESTATE-CONSTRUCTION INCORPORATED, Franklin L. Block, Trustee and Mabel Dunn Trask, Defendants.

Court of Appeals of North Carolina.

November 4, 1997.

Attorney(s) appearing for the Case

Shipman & Associates, L.L.P. by Gary K. Shipman and C. Wes Hodges, II, Wilmington, for plaintiffs-appellants.

Block, Crouch, Keeter & Huffman, L.L.P. by Auley M. Crouch, III, Wilmington; and Gary E. Trawick, Burgaw, for defendants-appellees.

WALKER, Judge.

On 29 January 1990, Dallas Harris Real Estate-Construction, Inc. ("Dallas Harris") executed a note and deed of trust to Mabel Dunn Trask ("Trask") in the amount of three-million two-hundred fifteen thousand dollars ($3,215,000.00) to secure the sale of certain property in New Hanover County. Dallas Harris developed this property to create two multi-family residential developments known as Inland Greens and Cedar Ridge at Inland Greens ("Cedar Ridge...

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