In re George
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The Supreme Court affirmed in part and reversed in part the decision of the court of appeals affirming in part and reversing in part an order of the trial court concluding that two purchasers, the first of whom bought a tract of property at a nonjudicial foreclosure sale, and the second of whom bought a property tract from the initial purchaser, were not good faith purchasers for value, holding that the trial court abused its discretion.
When the property owners' brought a motion for relief from the foreclosure order, the trial court determined that it lacked jurisdiction over one of the property owners due to insufficient notice and deficient service of process, and therefore, the transfers to both subsequent purchasers should be declared null and void. The Supreme Court reversed, holding that the trial court erred by determining that the two purchasers were not good faith purchasers for value entitled to the protections available pursuant to N.C. Gen. Stat. 1-108.
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