Home Owners' Loan Corp. v. Succession of Brooks

TALIAFERRO, Judge.

Willie Brooks, deceased, and his wife, Priscilla, mortgaged to the Home Owners’ Loan Corporation their home in the city of Shreveport, La. He died on April 26, 1936. Thereafter the mortgage was foreclosed and at sheriff’s sale the corporation became the purchaser. The price of adjudication was insufficient to extinguish the mortgage indebtedness. Prior to date of the sale, the Fraternal Undertaking Company, Inc., filed an intervention and third opposition in the case, asserting a privilege on the proceeds of the sale, superior to that of the mortgage creditor, for the price…