Gransbury v. United Building Supply, Inc.

*1248OPINION

Before RABINOWITZ, C. J., and CONNOR, BOOCHEVER and FITZGERALD, JJ. FITZGERALD, Justice.

We decide in this case the nature of the title to real property acquired by a purchaser at execution sale.

Briefly the facts are as follows. In early 1967 John Withers owned two lots which had been appraised at $8,000 in 1966. He owed approximately $1,500 to Central Alaska Utilities, Inc. and in excess of $3,000 to Kenneth Muller for back rent. When Muller insisted upon payment, Withers mentioned his two lots.1 There was talk that Muller would take one lot for the past-due rent and pay Withers $4,400…