Pringle Associated Mortgage Corp. v. Eanes

FOURNET, Chief Justice.

Pringle Associated Mortgage Corporation instituted this suit via ordinaria against Ernest R. Eanes, Jr., on his note secured by a mortgage affecting certain described property situated in the Parish of East Baton Rouge, and thereafter secured a judgment by default on April 20, 1966, for $263,615.70, recognizing plaintiff’s mortgage and ordering the sale of the mortgaged property — without appraisal — which was adjudicated to the plaintiff at sheriff’s sale on June 8, 1966. Pay, Incorporated (here*714inafter referred to as Pay), that had in the meantime acquired the rights,…