MARTIN v. SEC. STATE BANK

S-21-0049.

496 P.3d 371 (2021)

2021 WY 106

William K. MARTIN and Consolidated Realty Group, Inc., a Utah corporation, Appellants (Plaintiffs), v. SECURITY STATE BANK, a Wyoming corporation; Wayman Land & Livestock, LLC; Richard Kehoe Wayman and Paulette Wayman, Appellees (Defendants).

Supreme Court of Wyoming.

September 30, 2021.


Attorney(s) appearing for the Case

Representing Appellants: Richard R. Thomas , Smith LC, Mesa, Arizona. Argument by Mr. Thomas.

Representing Appellee, Security State Bank: James R. Belcher , Crowley Fleck PLLP, Casper, Wyoming. Argument by Mr. Belcher.

Representing Appellees, Wayman Land & Livestock, LLC, Richard Wayman , and Paulette Wayman: No appearance.

Before FOX, C.J., and DAVIS, KAUTZ, BOOMGAARDEN, and GRAY, JJ.


[¶1] William K. Martin loaned his friends, Richard and Paulette Wayman, $100,000 to make a down payment on a ranch. The Waymans defaulted on their mortgage and the lender, Security State Bank (SSB), sold the property at a foreclosure sale. The Waymans never repaid Mr. Martin. In an effort to recover the $100,000 down payment...

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