Osborne v. McCormack

This case originated in the County Court of Moore County where the chairman held in an insolvency proceeding that a note for $1,500 was a secured claim and a first lien on a house and lot in Lynchburg. The Court of Appeals affirmed the decree of the county court, and the only question here is whether this note constitutes a lien on said house and lot or whether it is an unsecured claim.

The defendants below, Mrs. Etna Motlow McCormack and Miss Aileene Motlow, on November 17, 1928, con veyed the real estate involved to Dr. J. D. McCord, the administrator’s intestate, for $3,700, of which $1,000…