Opinion ID: 1425716
Heading Depth: 1
Heading Rank: 2

Heading: The Trial Court's Foreclosure Decision

Text: The trial court found that (1) Thomas and Bailey [2] owed $43,127.24 on the note and mortgage together with interest, attorney's fees and costs for abstracting, mortgage cancellation insurance, ad valorem taxes and the costs of the action; (2) Sooner held a first and prior lien upon the real estate and premises described in the petition by virtue of its mortgage as security for the indebtedness, including interest, attorney's fees and costs and (3) the Treasurer held a lien on the property in the sum of $416, together with penalties and interest, for personal property taxes levied against Bailey, subject only to Sooner's first mortgage interest. The trial court did not make a separate finding as to Credit Union's interest; rather it rendered a single judgment in rem for Sooner against Credit Union, Thomas and Bailey. The amount of the adjudicated balance due on the mortgage shown in the journal entry is identical to that found to be due Sooner from Thomas and Bailey. The property was ordered sold at sheriff's sale.