Anderson v. Alexander

Certain realty in the City of Augusta was’conveyed by deed as security for a debt. The deed was duly recorded. Thereafter the realty was assessed for municipal taxation as the property of named third persons. There was default in payment of taxes for two years, and the property was sold to a stranger under executions issued against said third persons by the municipality, based upon such tax assessments. After the tax sale the holder of the security deed, under exercise of a power of sale therein, sold the realty, became the purchaser, and entered possession. After *512this sale the time limit for…