Dedes v. Strickland

Finney, Justice:

Appellant-Respondent First Federal Savings and Loan Association of South Carolina (First Federal) appeals from the master-in-equity’s finding that a real estate mortgage of Respondent George P. Dedes held priority over First Federal’s mortgage on the same property. We affirm in part and remand in part.

On February 27, 1986, First Federal loaned $175,000 to Respondent-Appellant Bobby W. Strickland secured by a mortgage on several parcels of real estate, including the 1.72 acre tract which is the subject of this controversy. First Federal’s mortgage was recorded March 3,1986.

On…