Ex parte Moore v. Fairfield Real Estate Co.

This case involves a dispute over the results of a mortgage foreclosure sale. Fairfield Real Estate Company, Inc. (Fair-field), of which respondent Louie E. Moore (Moore) was the president and sole shareholder, executed and delivered several promissory notes to plaintiff Jerry Branham and respondent Community Federal Savings and Loan Association (Community), secured by mortgages on Fairfield’s real estate. Fairfield defaulted on these mortgages, and Branham brought the underlying foreclose action.

*510The foreclosure action was referred to a Special Referee who found that Community’s liens had…