Geo. M. McDonald & Co. v. Johns

Citations

• 62 Wash. 521
• 114 P. 175
• 1911 Wash. LEXIS 737

Syllabus

<p>Mortgages — Priority—Record-—Bona Fide Purchasers — Preexisting Debt. As between real estate mortgages given as security for preexisting debts, the one first executed and delivered takes priority, although the other was first recorded; a mortgagee for a preexisting debt not being a tona fide purchaser, within Rem. & Bal. Code, § 8781, providing that a recorded mortgage shall be valid as against tona fide purchasers from the date of recording.</p>