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FEDERAL DEPOSIT INS. CORP. v. M. C. HONEA, JR., INC.

Civ. No. C77-915A.

440 F.Supp. 1064 (1977)

FEDERAL DEPOSIT INSURANCE CORPORATION, Liquidator of Hamilton National Bank of Chattanooga, and Kyle R. Weems, Trustee of Hamilton Mortgage Corporation v. M. C. HONEA, JR., INC. and M. C. Honea, Jr.

United States District Court, N. D. Georgia, Atlanta Division.

Amendment to Opinion December 7, 1977.

Attorney(s) appearing for the Case

Lowell H. Hughen and Thomas E. Prior, Hansell, Post, Brandon & Dorsey, Atlanta, Ga., for petitioners.

Walter C. Alford, Alford & Hamilton, Tucker, Ga., for respondents.

MEMORANDUM OPINION

O'KELLEY, District Judge.

Petitioners, Federal Deposit Insurance Corporation and Kyle R. Weems, filed this proceeding on June 2, 1977, seeking confirmation of two foreclosure sales of certain real property that respondent M. C. Honea, Jr., Inc. had conveyed by security deed to Hamilton Mortgage Corporation pursuant to Ga.Code Ann. § 67-1503, which provides:

When any real estate is sold on foreclosure, without legal process...

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