Court Opinion

ID: 9717398
Source: CourtListenerOpinion
Date Created: 2023-08-26 07:02:54.732333+00
Date Added: 2024-06-11T18:23:53.058903
License: Public Domain

NIX, Chief Justice,
concurring opinion
I concur in the judgment reached by the majority today. The purpose of these two Acts is to protect the defaulting debtor in a foreclosure proceeding where the mortgagor seeks the recovery of the real property to satisfy the debt. The Acts were created to prevent the loss of one’s home without proper notice and protections as provided by law. These Acts have no application, nor were they intended to apply, to security other than real estate. Since the obligation is secured by both the note and the mortgage, until execution is attempted on the mortgage the policies of the Acts are not applicable. The Acts do not follow the obligation but rather the security pledged for the obligation, which is the real estate.