LACY v. NATIONAL BANK OF WALTON COUNTY

31782.

238 Ga. 520 (1977)

233 S.E.2d 775

LACY v. NATIONAL BANK OF WALTON COUNTY et al.

Supreme Court of Georgia.

Decided March 10, 1977.


Attorney(s) appearing for the Case

William W. Daniel, Charles B. Withers, for appellant.

Preston & Allgood, William Lee Preston, for appellees.


HILL, Justice.

The plaintiff appeals from the dismissal of his action to invalidate the defendant bank's security deed and to enjoin its foreclosure proceeding.

The complaint showed the following facts: On March 22, 1973, a housebuilder executed a deed to a residential lot naming defendant Richardson as grantee. The deed was delivered to plaintiff as escrow agent. Richardson took possession of the house and lot but was unable to obtain a loan or assume the...

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