Wall v. Federal Land Bank

McMurray, Presiding Judge.

This case involves an unsuccessful land speculation venture resulting from a planned syndication of a large tract of land. The purchase of the large tract of land was by individual purchases of smaller tracts whereby the Federal Land Bank of Columbia would lend a maximum of $150,000 (apparently its Gainesville office loan limit) to various individuals on the separate tracts. Some of the facts may be found in Boling v. Federal Land Bank, 243 Ga. 467 (254 SE2d 848) which shows the various parties involved in the planned syndication.

Wall’s involvement in these…