Credit Finance Corp. v. Hale & Perry, Inc.

LEWIS, Circuit Judge.

The Bankruptcy Court gave to mechanics’ lien, claimants priorities over a purchase-money mortgagee, and the latter has appealed.

The heirs of George E. Hannan held title to two city lots in Denver, Colorado, and the estate was in process of settlement in July, 1931. By written contract on the 22nd day of that month the administrator sold the lots to Staton, subject to approval of the probate court, for the sum of $1500.00, of which sum Staton paid $50.00 down. On August 21st following the probate court ordered a sale of the lots, and in October following approved the sale…