Lakeville Manufacturing Co. v. Herman Homes, Inc.

This is an action by a contractor to foreclose a mechanic’s lien. The plaintiff filed a lis pendens on August 25, 1960 and all lienors who had filed liens prior to the latter date were named as party defendants. The action was tried on November 7, 1960; judgment was rendered on November 21, 1960; the foreclosure sale was advertised and the property was sold on December 16, 1960 to the plaintiff who thereupon transferred the property to the Cullman Holding Corp., a corporation organized and financed by the joined lienors. On February 9, 1961, the latter contracted to sell the property to…