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Home / Courts / Real Property – Deed of Trust – Reformation Request – Bona Fide Purchasers for Value – Prejudice (access required)

Real Property – Deed of Trust – Reformation Request – Bona Fide Purchasers for Value – Prejudice (access required)

Branch Banking & Trust Co. v. Teague When judgment creditors agreed to reduce the judgment debtors’ $800,000 debt by $200,000 in exchange for the debtors’ property, the judgment creditors became bona fide purchasers for value. The judgment creditors were not required to prove that they relied on the mistaken property description in the plaintiff-bank’s deed of trust on the debtors’ land.

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