Cheatham v. Jones

Supreme Court of North Carolina
Cheatham v. Jones, 68 N.C. 153 (N.C. 1873)
Pearson

Cheatham v. Jones

Opinion of the Court

Pearson, C. J.

The question presented by the case is this : Has a mortgagor in possession a right to a homestead, as against all other creditors, save the creditors secured by the mortgage ?

We concur in the opinion of his Honor, that the homestead is exempt from sale under execution, and that the-mortgagor, although he holds subject to the mortgage debt,.. holds his homestead paramount to the other creditors. s

A mortgage is a mere incumbrance upon a man’s land, given as a security for the debts therein set out; and if he can discharge the incumbrance by the sale of the land outside of his homestead, or in any other way, creditors who-: are not secured by the mortgage, have no ground upon which to deprive him of the homestead secured by the Constitution.

We are of opinion that a debtor is entitled to a homestead in an “equity of redemption,” subject to the mortgage-debts, just as a purchaser in possession is entitled to a homestead, subject to the payment of the purchase money...

No error.

Per Curiam.

Judgment affirmed./

Reference

Full Case Name
B. F. CHEATHAM v. MARK P. JONES and others
Cited By
12 cases
Status
Published