Great Southwest Life Insurance Co. v. Frazier

860 F.2d 896 7 UCC Rep.Serv.2d 817 GREAT SOUTHWEST LIFE INSURANCE CO., a Texas corporation, Plaintiff, and United States of America, acting through the Small Business Administration, Counter-claimant-Appellee, v. Darlene FRAZIER, a widowed woman, the Estate of Fred M. Frazier; Darlene Frazier, as Personal Representative of the Estate of Fred M. Frazier, deceased; and any and all unknown heirs or devisees of Fred M. Frazier, Defendant-cross-defendant-Appellant. No. 87-3966. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 2, 1988. Decided Oct. 26, 1988. Frank J. Dykas, Boise, Idaho, for defendant-cross-defendant-appellant. Jeffrey W. Ring, Asst. U.S. Atty., Boise, Idaho, for counter-claimant-appellee. Appeal from the United States District Court for the District of Idaho. Before FLETCHER, and REINHARDT, * Circuit Judges, and GEORGE, ** District Judge. FLETCHER, Circuit Judge: 1 Darlene Frazier, mortgagor, appeals the district court's finding that the Small Business Administration ("the SBA"), second mortgagee, is entitled to a deficiency judgment against her for the balance of her SBA loan after the sale of collateral. Frazier contends that under Idaho law…