FEDERAL FINANCIAL CO. v. HOLDEN

No. S97A0203.

485 S.E.2d 481 (1997)

268 Ga. 73

FEDERAL FINANCIAL CO. v. HOLDEN et al.

Supreme Court of Georgia.

June 2, 1997.


Attorney(s) appearing for the Case

Jeffrey B. Talley, Talley & Darden, P.C., Dallas, for Federal Financial Company.

Charles L. Day, Marietta, for Larry Holden.


BENHAM, Chief Justice.

To secure an indebtedness, Citizens Bank accepted a security deed from three brothers for property which a title examination showed to be owned jointly by them and one other person. Citizens Bank subsequently failed and the Federal Savings and Loan Insurance Corporation was appointed receiver. Appellant Federal Financial eventually became assignee of the security deed and the note it secured. Because the note was in default, Federal Financial...

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