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W.A.C., INC. v. DAY

No. 93 CA 0370.

649 So.2d 971 (1993)

W.A.C., INC. v. William E. DAY, Jr., Miriam M. Day, Bobby L. Forrest, Hilda A. Forrest, and Frank G. Sullivan, Jr.

Court of Appeal of Louisiana, First Circuit.

November 24, 1993.

LOTTINGER, Chief Judge.

This case concerns the rights of a holder of a first mortgage with respect to actions taken and revenues collected by a keeper appointed by a holder of a second mortgage.

FACTS

The plaintiff in this suit, W.A.C., Inc. (W.A.C.), is the current owner of a first mortgage on a group of apartment buildings known as The Redwood Apartments (Redwood). It brought suit to foreclose on the...

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