Twin City Finance Corp. v. Ballard

PRICE, Judge.

The question presented on this appeal is whether Preston Edwards, the purchaser of residential property already burdened by a recorded judicial mortgage against his vendor, Marvin Ballard, Jr., is entitled to be paid the homestead exemption of $15,000 provided by La.R.S. 20:1, by preference out of the proceeds of the sheriff’s sale under a writ of fifa to satisfy this judgment.

The trial court held the homestead exemption claimed by Edwards was valid and should be given preference over prior recorded judicial mortgage in favor of Twin *737City Finance Corporation and ordered…