Federal National Mortgage Association v. Walter

DAVISON, Justice.

This is an appeal by Federal National Mortgage Association, plaintiff in the lower court, from a judgment for J. W. Walter and Essie B. Walter, defendants, denying foreclosure of plaintiff’s real estate mortgage. The parties will be referred to as they appeared in the lower court.

The record reflects that one Thomas Miles, Jr., the then owner of the property, did on May 7, 1954, execute his note and G. I. mortgage on the subject property and they were then assigned to the plaintiff. Plaintiff’s offices are in Dallas, Texas. The original mortgagee (in Oklahoma City) continued…