Court Opinion

ID: 9760971
Source: CourtListenerOpinion
Date Created: 2023-08-29 01:26:55.9632+00
Date Added: 2024-06-11T07:29:19.380572
License: Public Domain

*589MAUZY, J.,
dissenting.
The court has this day in Summers v. Consolidated Capital Special Trust, 783 S.W.2d 580 (Tex.1989), construed the provisions of a wrap-around note and deed of trust. For the reasons set out in my dissent in Summers, I dissent to the court’s holding under the so-called “outstanding balance approach” that Key West and Eid are liable to the Lees for the entire amount of the Lee note less the amount bid at foreclosure. I would affirm the court of appeals.
SPEARS and RAY, JJ., join in this dissent.