Regional Investment Company v. John K

John Willis and his wife, Pansy, appeal from a summary judgment granted in favor of Regional Investment Company for a deficiency following a trustee's sale of real estate. Willis contends an affidavit filed in response to the motion for summary Judgment revealed the existence of a material issue of fact which precluded summary judgment. Reversed in part and remanded. In March, 1974, Willis and his wife obtained a loan from Regional in the amount of $27,750 for which they executed a promissory note secured by a deed of trust on a lot in Cass County referred to as Lot 45. In December, 1974, Willis and his wife and John Willis Construction Company obtained a second loan from Regional, also in the amount of $27,750, for which they executed a promissory note secured by a deed of trust on a lot referred to as Lot 44.