First National Bank of Commerce v. McFarlin

1. “A debtor has no leviable interest in land which he has conveyed to secure a debt, until the property has been redeemed by himself or the moving- creditor; and redemption can be accomplished only by repayment of the secured debt in full. In the absence of equitable ground, the mere fact that the lien of a judgment creditor, obtained against the grantor subsequently to. the making of the security deed, can not be enforced by levy and sale until the grantor’s title has become revested by redemption, is insufficient to subject the grantor’s interest in the land as an equitable asset.”…