Price v. Levers

MEMORANDUM OPINION

KNOX, District Judge.

On April 18, 1977, plaintiff, Ruth Price, brought an action against defendant, William E. Levers, for payment on a promissory note dated May 9,1974, in the amount of $20,000 with interest at seven per cent per annum. Payment of the note was secured by a third priority mortgage on certain property located in Orangeburg County, South Carolina. As a result of foreclosure proceedings instituted by the senior mortgagee plaintiff’s lien on the Orangeburg County property was discharged. Plaintiff neither received proceeds from the sale of the property nor sued…