Strayer v. Long's Ex'or

93 Va. 695 | Va. | 1896

Cardwell, J.,

delivered the opinion of the court.

The sole question involved in this appeal is whether or not the appellant, Joseph B. Strayer, is entitled to a homestead exemption out of the fund under the control of the Circuit Court of Shenandoah county in the chancery cause of “ Michael Long’s Ex’or., &c. v. Strayer, &c.” as against the judgment of Long’s Ex’or.

This suit was instituted by Long’s Ex’or., on behalf of himself, and all lien creditors of Strayer, to subject his real estate to the payment of the liens thereon. The sales of this real estate amounted to $29,833.93 as of March 1, 1890, and the liens reported were far in excess of this sum, and divided into as many as six classes—Long’s judgment which had been duly recorded being the first in priority. The liens subsequent to Long’s judgment are deeds of trusts and judgments, the two deeds of trust being classed as two and three.

The Circuit Court by its decree at the January term, 1893, referred the cause to a commissioner to enquire and report upon the claim of Strayer to a homestead exemption out of the fund, and to what relief, if any, he was entitled, by reason thereof..

Conceding that the claim of homestead had been regularly made by Strayer, the commissioner says: “The judgment of M. Long was the first judgment and oldest lien, and paramount to the trust deeds, and there was sold altogether to pay the liens the large amount of property which brought March 1, 1890, the sum of $29,333.93, as much as $27,833.94 above the homestead exemption, out of which the Long judgment ought to have been first paid, leaving the $2,000 (homestead exemption) to be taken up by waiver judgments. When Long’s judgments (upon which a balance of $2,061.08 is due) was enforcible, there was at least the sum of $12,-843.94 applicable to the judgment, and there being more than $2,000 in property and assets the Long debt had still $10,843.94 of assets or property to call upon for satisfaction.”

“Had there been but one (the Long) judgment lien on the said property, worth say $30,000, it certainly could have been enforcible, as there was $28,000 worth of property out of which to carve homestead and set it apart to homesteader, and when the judgment was obtained, and for some months thereafter, there was but one lien, and the conveyances, and waiver judgments subsequent thereto, were the act of J. B. Strayer himself, and must not work to the prejudice of the existing rights of Long.”

This view of the commissioner is plainly right. When Long obtained his judgment and caused it to be docketed, his lien was perfect and complete and could not be defeated or impaired by any act of his debtor in which he did not participate. His debtor owned property far more than sufficient to satisfy the judgment and any claim of homestead which the debtor was entitled by law to make. That other liens were subsequently acquired against the judgment debtor by deed of trust, and by judgment upon contracts which waived the homestead, is a question in which Long has no concern, but affects only those who acquired rights subordinate to his. Long’s judgment constitutes the first and paramount lien, and must he paid, and then the other liens in the order of their priority, and as those liens are either by deed of trust, or judgments upon contracts which waive the homestead, they too must be paid.

There is no error in the decree appealed from, and it is therefore affirmed.

Affirmed.