AMERICAN THRIFT AND FINANCE PLAN v. BIENEMY

No. 89-CA-1364.

559 So.2d 39 (1990)

AMERICAN THRIFT AND FINANCE PLAN, INC. v. Shirley Sampson, wife of/and Shallon S. BIENEMY, Sr.

Court of Appeals of Louisiana, Fourth Circuit.

March 14, 1990.


Attorney(s) appearing for the Case

Donald J. Pickney, Bruce A. Scott, New Orleans, for appellant.

Rodney J. Madere, Metairie, for appellee.

Before LOBRANO and ARMSTRONG, JJ., and HUFFT, J. Pro Tem.


LOBRANO, Judge.

This appeal arises out of a judgment in favor of American Thrift and Finance Plan, Inc. (American), the second mortgage holder, against Guaranty Savings and Homestead Association (Guaranty), the first mortgage holder, reducing the proceeds due Guaranty pursuant to a foreclosure filed by American. American purchased the property at sheriff's sale and now contests the "pay out" due Guaranty. The events which precipitated this problem are as follows....

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