Case Name: Waters v. Scottish American Mortgage Company Limited
Court: Supreme Court of Georgia
Jurisdiction: Georgia
Decision Date: 1935-05-16
Citations: 180 Ga. 594
Docket Number: No. 10713
Parties: Waters v. Scottish American Mortgage Company Limited.
Judges: All the Justices concur.
Reporter: Georgia Reports
Volume: 180
Pages: 594–595

Head Matter:
Waters v. Scottish American Mortgage Company Limited.

Opinion:
Gilbert, Justice.
This is a suit for rescission of a contract of purchase and sale of land, because of the loss of a part of the land from alleged defect of title. The petition alleges that such loss is due to an outstanding paramount title to 163-1/2 acres of the 369-1/4 acres purchased. The record shows that the alleged paramount title is a voluntary deed. The record of this deed was not notice to the mortgage company, and there is no allegation in the petition that the-mortgage company had actual notice at the time they took their security deed to both tracts of land. Meld:
1. The mortgage company, as against the holder of the remainder interest under the voluntary deed, obtained a superior title to such remainder interest to the entire interest of its grantor.
No. 10713.
May 16, 1935.
D. C. Jones, for plaintiff.
Ryals, Anderson & Anderson, for defendant.
2. The petitioner received a superior title based on her deed from the mortgage company to the 369-1/4 acres of land.
3. There being no deficiency, the court did not err in sustaining the general demurrer and dismissing the petition.
Judgment affirmed.
All the Justices concur.