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PEE DEE STATE BANK v. PROSSER

1136

295 S.C. 229 (1988)

367 S.E.2d 708

PEE DEE STATE BANK, Respondent v. Larry N. PROSSER, J. Oral Strickland, Tina L. Strickland, and Universal Mortgage Corporation of Wisconsin, Defendants, of whom Larry N. Prosser, Tina L. Strickland, and Universal Mortgage Corporation of Wisconsin are Appellants.

Court of Appeals of South Carolina.

Decided April 11, 1988.

Attorney(s) appearing for the Case

Lawrence B. Orr, John R. Chase, James C. Rushton, III, and Mary Layton Wells, Florence, for appellants.

Ray Coit Yarborough, Timmonsville, for respondent.

Heard Feb. 23, 1988.

Decided April 11, 1988.

CURETON, Judge:

Pee Dee State Bank brought a mortgage foreclosure action against Oral and Tina Strickland. The suit involves a series of transactions concerning a condominium. The primary issues are equitable subrogation, novation, accord and satisfaction, and release. The trial judge found Pee Dee had a valid mortgage and was entitled to a judgment of foreclosure and deficiency arising from the sale of...

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