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LPP MORTG., LTD. v. BOUTWELL

1080265.

36 So.3d 497 (2009)

LPP MORTGAGE, LTD. v. Emmitt H. BOUTWELL, Sr., et al.

Supreme Court of Alabama.

October 23, 2009.

Attorney(s) appearing for the Case

Rodney E. Nolen, Charles R. Driggars, and Meaghan E. Ryan of Sirote & Permutt, P.C., Birmingham, for appellant.

Joel Lee Williams, Troy, for appellees.

COBB, Chief Justice.

The facts underlying this appeal are as follows. Boutwell Lumber Company, Inc., executed a note in the amount of $750,000 to ITT Small Business Finance Corporation ("ITT") on April 15, 1991; the note was secured by a mortgage. The transaction was executed through the offices of the United States Small Business Administration ("SBA").1 Emmitt H. Boutwell, Sr., and his wife Jamie P. Boutwell, and Emmitt H. Boutwell,...

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