Talley v. Buchanan

This is an action to enjoin the sheriff of Jackson County from selling real property under an execution and to prevent the holder of a judgment- from asserting any claim against the property.

John R. Morgan acquired two adjoining -apartment buildings in Kansas City. He borrowed from Betty Buchanan the amounts of the down payments he made in purchasing each apartment. An insurance company held a first mortgage and the Chrisman-Sawyer bank of Independence a second blanket mortgage covering both of them. Morgan became financially distressed. Proceedings were started to foreclose the first…