COLLATERAL INVESTMENT CO. v. PAYNE

21454

276 S.C. 320 (1981)

278 S.E.2d 344

COLLATERAL INVESTMENT COMPANY, Plaintiff-Respondent, v. Jimmy B. PAYNE, Defendant-Respondent, and Nancy J. Payne, Defendant-Appellant.

Supreme Court of South Carolina.

May 18, 1981.


Attorney(s) appearing for the Case

Edward V. Atkinson, Sumter, for defendant-appellant.

Jan L. Warner, Sumter, for defendant-respondent.

Peter D. Korn, Columbia, for plaintiff-respondent.


May 18, 1981.

GREGORY, Justice.

The order on appeal from the court below requires appellant Nancy J. Payne to convey certain real property to her former husband, respondent Jimmy B. Payne, in lieu of foreclosure. We reverse.

Plaintiff Collateral Investment Company commenced this mortgage foreclosure action against both Paynes when appellant, then the sole owner of the property in question, defaulted in making...

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