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TWIN CITY FINANCE CORP. v. BALLARD

No. 13863.

373 So.2d 736 (1979)

TWIN CITY FINANCE CORPORATION, Plaintiff-Appellant, v. Marvin BALLARD, Jr., Defendant, Preston Edwards, Intervenor-Appellee.

Court of Appeal of Louisiana, Second Circuit.

Rehearing Denied July 30, 1979.

Writ Refused October 19, 1979.

Attorney(s) appearing for the Case

Edward O. Kernaghan, Shreveport, for plaintiff-appellant.

W. Orie Hunter, III, Shreveport, for intervenor-appellee Preston Edwards.

Before BOLIN, PRICE and MARVIN, JJ.

En Banc Rehearing Denied July 30, 1979.*

PRICE, Judge.

The question presented on this appeal is whether Preston Edwards, the purchaser of residential property already burdened by a recorded judicial mortgage against his vendor, Marvin Ballard, Jr., is entitled to be paid the homestead exemption of $15,000 provided by La.R.S. 20:1, by preference out of the proceeds of the sheriff's sale under a writ of fifa to satisfy this judgment...

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