Fox v. Templeton

The dispositive question in this appeal is whether a creditor who took title to real property in satisfaction of a preexisting debt was a bona fide purchaser for value without notice of an erroneously released judgment.

The essential facts are undisputed. Richard L. Templeton (husband) and Mary Ann McEachern Templeton (wife) acquired title to the real property in the City of Chesapeake which is the subject of this dispute, as tenants by the entireties, in 1974. In 1979, when the property was free of encumbrances except the lien of current taxes, wife filed suit against husband for divorce.…