Stewart Title Guaranty Co. v. Coburn

McMurray, Presiding Judge.

This is a suit on a note executed by defendant Coburn in favor of Great Western Mortgage Company in connection with Coburn’s purchase of a certain house and lot. Defendant Coburn subsequently sold the real property to SYFTKOG, Inc., which via a contemporaneous closing or “flip” sold it to Northern. Northern financed his purchase of the property through Fulton Federal Savings & Loan Association, executing a note and security deed in favor of this lending institution.

In connection with the transfer of the property to Northern, plaintiff Stewart Title Guaranty Company…