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SHELTON v. MUTUAL SAV. AND LOAN ASS'N, F.A.

Civ. A. No. 89-CV-10093-BC.

738 F.Supp. 1050 (1990)

Haskell SHELTON and Joy S. Shelton, Plaintiffs, v. MUTUAL SAVINGS AND LOAN ASSOCIATION, F.A., a federal savings and loan association, Defendant.

United States District Court, E.D. Michigan, N.D.

May 24, 1990.

Attorney(s) appearing for the Case

John G. Gleeson, Harvey, Kruse, Westen & Milan, P.C., Detroit, Mich., for plaintiffs.

Carson C. Grunewald, Bodman, Longley & Dahling, Detroit, Mich., for defendant.

OPINION AND ORDER

ROSEN, District Judge.

Presently before the Court is the Defendant's Motion for Summary Judgment. The parties filed briefs and appeared for oral argument before the Court on April 12, 1990.

I. FACTS

Plaintiffs, Haskell Shelton and Joy S. Shelton, are husband and wife who borrowed approximately $108,000.00 from the Defendant, Mutual Savings and Loan (the "Bank"). The rate of interest was approximately 10.4% a.p.r., repayable...

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