Legal Opinion
Empire Home Loans, Inc. v. WC BRADLEY COMPANY
Supreme Court of Alabama
Decided August 13, 1970No. 4 Div. 385PublishedCited by 13 opinions
1Opinion of the Court
HARWOOD, Justice.
This is an appeal from a decree fixing the priorities between construction loan mortgagees and holders of materialmen’s and mechanics’ liens.
A. E. McCardle was a home builder in Russell County, Alabama. In 1967, he was the owner of several unimproved lots in three subdivisions which appear to be located in or near Phenix City.
McCardle set about to build houses on these vacant lots. To finance this operation, he executed separate first mortgages on six of the lots. These mortgages were to secure construction loans made by two lending agencies, Empire Home Loans, Inc., a…
2Cases cited1 opinion
- Baker Sand & Gravel Co. v. Rogers Plumbing & Heating Co.Supreme Court of Alabama · 1934
3Cited by13 opinions
- Bailey Mortg. Co. v. Gobble-Fite Lumber Co.Supreme Court of Alabama · 1990
- Simmons First Bank v. Bob Callahan Services, Inc.Supreme Court of Arkansas · 2000
- Collateral Inv. Co. v. PilgrimCourt of Civil Appeals of Alabama · 1982
- Cotton States Mut. Ins. Co. v. ConnerSupreme Court of Alabama · 1980
- Metro Bank v. HENDERSON'S BUILDERS SUPPLYSupreme Court of Alabama · 1993
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