Federal National Mortgage Ass'n v. Williams

BOUTALL, Judge.

This case arises from the sale of defendants’ home at a judicial sale. From a judgment in favor of defendants setting aside the judicial sale, the mortgagee has appealed.

Federal National Mortgage Association (FNMA) held a mortgage on a home in St. Rose, Louisiana, owned by Alfred and Elsie Williams. On January 25, 1982, after the mortgagors had failed to make a monthly payment for six months, FNMA filed foreclosure proceedings to recover the loan balance of $14,595.08. The proceedings went according to schedule, and the sheriff’s sale of the property was set for March 17, 1982…