Caudle v. First Federal Sav. & L. Ass'n of Sylacauga

FAULKNER, Justice.

This is an appeal from a judgment of the Circuit Court of Talladega County, holding that a bill to redeem property foreclosed, was not timely filed. We reverse.

The Caudles purchased nine lots in a subdivision known as Center Point Acres in Talladega County. The lots were.purchased over a period of time, extending from September 4, 1969 through January 6, 1971.

The property was bought subject to an existing mortgage from Whetstone Homes, Inc. to First Federal Savings and Loan Association. There were other lots in the subdivision subject to the First Federal mortgage.

On…