Vance v. Jackson

Pope, Presiding Judge.

In 1988, appellant John Vance purchased from appellee R. L. Jackson a tract of real estate on Lake Lanier, which had been subdivided into three lots. After purchasing the land, Vance reconfigured the tract into two larger lots. After this reconfiguration, Jackson agreed to provide financing for Vance’s purchase of the lot designated as “Lot 1.” Vance built his home on the lot designated as “Lot 2,” and Lot 1 remained vacant.

Later, when Vance was unable to meet his payments to Jackson, he deeded Lot 1 back to Jackson as part of a settlement of the debt. In connection with…