First National Bank v. New England Securities Co.

This action was begun by appellees on July 28,1926, in which action they sought to foreclose a second deed of trust executed to them by the defendant, George W. Transue, upon lands in the Western District of Clay Gounty, Arkansas. The appellant, First National Bank, intervened, and was made a party to the suit in October, 1926.

One of the defendants, S. P. Lindsey, filed answer, in which he alleged he had bought the lands embraced in the deed of trust at a trustee’s sale in bankruptcy, and that he was the owner of said land by virtue of a deed executed to him by the trustee in bankruptcy…