Five Dee Ranch Corp. v. Federal Land Bank

Webb, Judge.

Five Dee, as the respondent in a confirmation proceeding in which confirmation was denied, seeks on appeal to have this court reverse the trial court’s refusal to order a resale of the property involved. We affirm.

On November 6, 1974, John C. Pierce and Linda C. Pierce executed and delivered to the Land Bank a promissory note in the principal amount of $110,000 and a deed to secure debt conveying a secured interest in a house and 38 acres of land in Spalding County. On March 26, 1975 this property was conveyed to Five Dee subject to the indebtedness owing to the Land Bank. The…