Federal Deposit Insurance Corp. v. Greenup

WARD, Judge.

The issue in this appeal is the liability of the Recorder of Mortgages to a property owner who was evicted when a collateral mortgage, granted by a prior owner and omitted from a mortgage certificate requested by a third party, was enforced against the property.

In 1976, David M. Greenup sold property located on Columbus Street in New Orleans to Ernest B. Skipper. Guaranty Savings and Homestead Association financed the sale and obtained a vendor’s privilege and mortgage. To ascertain whether Greenup had placed any encumbrances on the property, Guaranty requested the Recorder of…