From Casetext: Smarter Legal Research

Flake v. Building and Loan Association

Supreme Court of North Carolina
May 1, 1933
169 S.E. 223 (N.C. 1933)

Opinion

(Filed 10 May, 1933.)

Mortgages H p —

Where a mortgagee has received the surplus after foreclosure and has rented the land from the purchaser, any rights he may have on account of alleged wrongful foreclosure are waived by ratification.

APPEAL by plaintiff from Stack, J., at January Term, 1933, of GUILFORD.

Garland B. Daniel, S. G. Daniel and George A. Younce for plaintiff.

Dalton Pickens for defendants, High Point Perpetual Building and Loan Association and V. A. J. Idol, trustee.

Walter E. Crissman for defendant, G. Edwin Hedrick.


Civil action to recover damages for alleged wrongful foreclosure of deed of trust on plaintiff's land.

From a judgment of nonsuit entered at the close of the evidence, the plaintiff appeals, assigning errors.


The plaintiff has received benefit of the surplus proceeds derived from the sale of the property, and voluntarily rented the premises from the purchaser, hence, it would seem that any rights he may have had on account of the alleged wrongful foreclosure have been waived by his ratification.

Affirmed.


Summaries of

Flake v. Building and Loan Association

Supreme Court of North Carolina
May 1, 1933
169 S.E. 223 (N.C. 1933)
Case details for

Flake v. Building and Loan Association

Case Details

Full title:LEE FLAKE v. THE HIGH POINT PERPETUAL BUILDING AND LOAN ASSOCIATION ET AL

Court:Supreme Court of North Carolina

Date published: May 1, 1933

Citations

169 S.E. 223 (N.C. 1933)
169 S.E. 223

Citing Cases

Shaikh v. Burwell

When the mortgagor has received the benefit of the surplus derived from a foreclosure sale, the mortgagor…

Leonard v. Pell

It has been held that acceptance of a surplus derived from a foreclosure sale waives the right of the…