A Treatise on the Law and Practice of Mortgage Foreclosure on Real Property: And of Remedies Collateral Thereto, with Forms, Together with Essentials of the Law of Mortgages Including Redemption, Volume 1

Front Cover
Williamson Law Book Company, 1927 - Foreclosure - 1916 pages
 

Contents

Same Admissibility of parol evidence
13
Same Presumption and burden of proof Weight of evidence
15
Same Right and necessity of foreclosure
17
Same Effect of conveyance by grantee
18
Equitable mortgages in general
20
Same Agreement to give a mortgage 21 22
21
Same Oral agreement
22
Same Instrument in defective form
23
Same Deposit of title deeds
25
Same Assignment of land contract or bond 21 Same Equitable mortgage to repay purchase money
26
CHAPTER II
28
History
29
Methods of foreclosure
31
Concurrent remedies
33
PAGE
34
Action on debt
35
Election of remedies
36
Same
37
Commencement of foreclosure prevents action at law on bond
38
Action at law on bond by consent of court
40
Foreclosure by entry and possession
41
Strict foreclosure
42
Statutory foreclosure
43
Same Right to maintain action
44
Same
45
Same
46
Foreclosure action as equitable in nature
47
Compelling foreclosure
48
RIGHT TO FORECLOSE AND DEFENSES GENERALLY MATURITY OF INDEBTEDNESS WAIVER RESTRAINING FORECLOSURE PAGE S...
50
WHO ENTITLED TO REDEEM FROM WHOM REDEMPTION MAY BE MADE PAGE
51
POWERS OF SALE AND EXECUTION THEREOF FORECLOSURE BY ADVERTISEMENT
52
Same
53
What claims cannot be foreclosed
54
Necessity of maturity of debt
57
Time of payment and conditions precedent Previous demand
58
Definition of mortgage
59
Same Statutory provision
60
Same Where the time of payment is not specified
61
Same Parol agreement as to time of payment
62
Same Extension of time of payment 62 S 50 Note payable on demand 6865
65
Stipulation for delay and forfeiture Six months clause
66
Nonpayment of installment of principal or interest No acceleration clause 67 5223
67
The same
70
The same
72
Failure to pay interest
73
Nonpayment of installments of interest or principal accelerat ing maturity 76 199
76
Same Nonpayment of interest
79
Same Effect of payment of part of interest
81
Same Mortgage security several notes
84
Same
86
Acceleration Effect of payment after suit
87
Same Setoff not a payment
89
Failure to pay taxes
93
Definition of redemption 1318
94
The same Waiver or loss of right to foreclosure
96
Failure to pay insurance
97
Election of mortgage that debt become due
98
Demand and notice of election
99
Power of court to relieve from forfeiture
102
Who may exercise option to declare the debt due
105
Breach of conditions or duties other than failure to pay
106
Same Failure to repair premises
108
Same Failure to insure premises
109
CHAPTER IV
112
ment
115
Presumption arising from mortgagors possession
117
Adverse possession by mortgagor
120
Reciprocal with right to foreclose 1322
125
following cases which give somewhat
127
CHAPTER V
134
Same By mortgagor or mortgagee in possession 1495
136
Mortgage given for support
146
CHAPTER LIV
148
CHAPTER XV
150
Tenant by the curtesy 1438
160
CHAPTER VII
162
mortgage
168
False representations as to extent and boundaries of land
169
Defense of false representations by married woman
170
Mutual mistake of parties as a defense
171
Remedies for correcting a mistake
172
Mutual mistake as to title
173
Mutual mistake as to quantity of land
175
Defense of undue influence
176
Duress as a defense
177
Same
178
Same Mortgage executed by married woman under duress
179
Same Instances
180
Ratification of mortgage induced by duress or fraud
182
CHAPTER VIII
183
Same
185
Who may release or accept payment After assignment
187
Same Payment to agent 189
191
What amounts to a payment
192
Payment of condemnation money to mortgagor instead of to mortgagee
194
Payment by deposit of collateral security or assumption of prior mortgage
195
Attorneys fees and taxes to be paid as part of mortgage debt
196
Keeping lien alive after payment
199
Tender as defense
200
Payments Pleading
201
Same Release of mortgagor from personal liability
203
Same Miscellaneous instances
204
Partial releases Effect when made after partial conveyance
206
Provision in mortgage for partial release Enforcement and application of proceeds
207
CHAPTER IX
210
What law governs
212
Who may avail themselves of the defense of usury
213
Same Mortgagors grantee
215
Same Corporation
217
CHAPTER X
219
Claim of paramount title cannot be pleaded in answer
221
Defective title of mortgagor cannot be set up in defense
222
Allegation of outstanding title or incumbrance Purchase money mortgage
223
Same 225
226
Same Eviction as a defense
227
Answers by prior lien holders as defendants
229
Effect of making owner of paramount title a defendant or of litigating the question of a paramount title
230
Paramount title by widows right of dower
232
Demand in answer for sale in inverse order of alienation
233
CHAPTER XI
236
the same debt
238
Where mortgagee has other security
239
Where mortgagee has lien on personal property sufficient to pay debt
241
Death of mortgagor Presentation of claim
242
Possession by mortgagee
243
Power of sale in mortgage
244
Pendency of action at law on note or bond
245
Same Attachment returned Exhausting legal remedy
246
Recovery of judgment on note or bond
247
Waiver or estoppel
249
Condition precedent as a defense
250
Inequity or oppression
251
Breach of independent or collateral covenant as a defense
252
Extension of time of payment as a defense
253
Same Extension of time by parol
255
Same Consideration for extension of time 256
258
Same Stipulation against forfeiture
259
Execution of mortgage Attestation Acknowledgment
261
Delivery of mortgage
262
Married woman Validity of mortgage by
263
Same Personal liability of married woman signing note or obligation to pay debt
265
Infancy
267
Same Purchasemoney mortgage
270
Insanity or other incompetence of mortgagor
271
Intoxication
272
Alteration of instrument
274
CHAPTER XII
277
Same After acquired title 1008
278
Other matters as defense in estoppel Agreement to release lots
281
Estoppel as to miscellaneous matters
282
Estoppel by married women
283
Estoppel by mortgagee
284
Same Estoppel by assenting to or encouraging a sale
285
Same Estoppel by silence at a sale
287
CHAPTER XIII
289
Transfer of mortgage without assignment of the debt
291
Defenses by assignee Validity of assignment
292
Same Defenses between the original parties
294
Same
297
Same Defenses against voluntary assignee in bankruptcy
298
Same Defenses by assignee of negotiable note secured by mortgage Majority rule
299
Same Minority rule
301
Same Assignee purchasing after maturity or in bad faith
303
Secret equities and equities in favor of third persons
304
Right of assignee succeeding to title or voidable assignee
305
Estoppel to defend against assignee
306
CHAPTER XIV
309
Same What are deemed fixtures
310
Gas fixtures burners brackets and chandeliers
313
Fixtures where land leased for a term of years
314
Removed fixtures Or timber
316
Same From leasehold Following property
318
SUBSEQUENT PERSONAL LIABILITY FOR MORTGAGE DEBT ASSUMPTION OF MORTGAGES PAGE SECTION 233 Introductory
320
Right of married women to incur subsequent liability
321
Liability of purchaser of the premises Where there is no express assumption of the indebtedness
323
Same Rule in New Jersey fixing liability of purchaser subject to mortgage
324
Same How agreement to assume indebtedness may arise
325
Same Mortgage forming part of purchase price
326
Same Express assumption clause in deed
327
Same Fraud or mistake
329
Same Consideration for agreement to assume indebtedness
332
Same Defective title as defense to contract of assumption
333
Same Relation of principal and surety between parties
334
Same Liability of mortgagor or grantor Release from liability
335
Same Liability of the grantee
339
Same Liability of remote vendee
340
Same Right of grantee to dispute mortgage
341
Same Same Where grantee not liable for debt
345
Same Liability of grantee at law or in equity to the mort gagee
347
Same Theories of law upon which a mortgagee is allowed the benefit of the contract of assumption
349
Same Defenses by grantee
350
Same Release of grantee by the grantor
351
Same Rule in New Jersey 353
354
Assumption of mortgage by subsequent mortgagee does not make him personally liable to prior mortgagee
355
New York cases reviewed
356
Assignor of a mortgage guaranteeing payment or collection
357
All persons guaranteeing payment or collection of a bond and mortgage by a separate instrument liable
358
CHAPTER XVI
359
Same Setting sale aside
361
Same Rule governing courts
363
Merger by conveyance to mortgagee
365
Same Where there are other lienors
368
Merger by assignment of mortgage to mortgagor
369
CHAPTER XVII
372
Where there are duplicate notes or bonds
373
Where there are several notes or bonds
374
Same From another creditor 1406
375
Purchasemoney mortgage
376
Mortgage securing future advances or liabilities
377
Equitable mortgage or defective mortgage
379
Priority over grants contracts of sale and leases
380
Priorities between mortgages
382
Priorities between subsequent mortgagees in surplus pro ceeds Equities
383
Priorities against and between assignees of mortgages
385
Priority over judgments
386
Same Unrecorded mortgage
387
Same Rights of junior mortgagees and junior judgment creditors in surplus proceeds
388
Priority over mechanics or materialmans lien
389
Priority as against chattel mortgagee or conditional vendee
391
Priority over attachment
394
Burden of proof in showing priorities
395
CHAPTER XVIII
396
Parties generally in equitable foreclosures
397
Parties plaintiff generally
398
Mortgagee may foreclose
400
A married woman owning a mortgage may foreclose
401
Mortgagees owning contemporaneous mortgages being equal liens any one or more may foreclose
402
Joint mortgagees Any one or more may foreclose
403
Same Rule Joint mortgagees in representative capacity
404
Joint mortgagees one dying Doctrine of survivorship
405
When personal representatives of deceased joint mortgagee necessary parties
406
Assignor of mortgage cannot foreclose
407
Form of assignment to enable assignee to foreclose
409
When assignor and assignee should or should not both be parties
411
Assignee of a mortgage without the bond cannot foreclose
412
Assignee of the note bond or debt may foreclose though the mortgage is not assigned
414
Assignee in bankruptcy or by general assignment or receiver of a corporation may foreclose
416
Assignee pendente lite may continue a foreclosure
417
Special cases of equitable assignment Purchaser on defective
422
Vendor under land contract dying Personal representatives
430
Grantor of lands mortgaged to secure debt of another 1408
435
CHAPTER XIX
437
Same Judgment by confession as an indemnity 1272
440
Complaint in Action for Strict Foreclosure 1605
447
Tenant for years 1439
455
Persons in interest not made parties 1426
463
Tenant in common 1440
464
Same Purchaser and his successors at void or avoided sale as assignees of mortgagee 1022
469
Same At execution sale 1432
476
FORECLOSURE BY ADVERTISEMENT
478
Notice of Sale on Foreclosure by Advertisement 1610
487
Same Community property 1023
489
Same Vendee 1277
490
Cestui que trust and beneficiaries When necessary
496
Tenant in tail 1441
501
Same Mortgaged succession 1024
507
CHAPTER XXI
508
Sureties may redeem 1437
512
Subsequent judgment creditors still owning judgments neces
518
Persons originally liable deceased their estates liable Per sonal representatives proper parties
565
Persons originally liable deceased their heirs and devisees not proper parties
569
Remedies against heirs and devisees
570
Person originally liable making an assignment in bankruptcy or voluntarily assignee proper
571
Parties subsequently liable
572
CHAPTER XXV
574
Same Florida
576
Same Missouri
577
Where land lies entirely out of state
578
Jurisdiction of Federal courts
579
Same Effect of bankruptcy
580
CHAPTER XXVI
582
Action brought in improper county
584
CHAPTER XXVII
586
Commonlaw doctrine of lis pendens
588
Definition and Bacons ordinances
589
History of the doctrine in New York
590
Rule in Florida
592
445 Nature and functions of a lis pendens
593
When lis pendens becomes operative
595
Duration and extent of a lis pendens
596
Contents of notice of lis pendens
597
Description of premises
599
Who may file notice of lis pendens
600
Recording and indexing lis pendens
602
Effect of notice of lis pendens
603
Who bound as subsequent purchasers or incumbrancers
605
Effect of lis pendens on holders of unrecorded conveyances
606
Effect on parties omitted or defective lis pendens
607
Effect of omission to file notice of lis pendens
608
Effect of the amendment of the complaint or bill
609
Dormant lis pendens
610
Cancelling notice of lis pendens
611
CHAPTER XXVIII
613
Same In New York
614
Same In Georgia
615
Failure to appoint guardian ad litem
616
Service of summons or process by publication
619
Requisite of affidavit to secure order for service of summons by publication
620
Same Notice to defendants Proof of publication
621
Insufficiency of service of process on another defendant
622
Appearance by attorney without authority
623
CHAPTER XXIX
624
Complaint under New York practice
626
Allegation as to claim
627
Allegation of execution and delivery of mortgage
628
Description of note or bond
629
Allegation as to title and ownership of mortgage
630
Allegation as to assignment of mortgage
632
Allegation where mortgage collaterally assigned
634
Allegation as to breach of contract and right of action
635
Allegation where money due on demand
638
Allegations as to proceedings at law Rules in New York Wisconsin and Nebraska
639
Allegation as to recording mortgage and subsequent deeds
641
Allegation as to property mortgaged
642
Referring to mortgage or other instruments for description
643
Defective description
645
The same
647
Default in answering by prior incumbrancer
648
Allegation to bar dower
649
Allegation by or against administrator executor or trustee
651
Allegation where there are infant defendants
652
498 Allegation on mortgage securing several notes
653
Allegation in foreclosure of indemnity mortgage
655
Joinder of actions Foreclosure of several mortgages or liens in the same action
656
Same Owner of two mortgages cannot foreclose both at same time in separate actions
657
The same Mortgages on different pieces of property
658
CHAPTER XXX
661
Who may answer Creditor of mortgagor
662
Same Subsequent judgment creditors
663
Same Claimants of interest in equity of redemption may answer
664
Allegation of counterclaim or setoff
666
Same
668
Same Counterclaim on contract
669
Counterclaim for damages in connection with purchasemoney mortgage
670
Same Damages for fraud
671
Counterclaim against assigness of mortgage
672
Counterclaim for usury
673
Miscellaneous instances of proper or improper counterclaims
674
Instances where crossbill permitted
676
Counterclaim or setoff must be pleaded
678
CHAPTER XXXI
680
parties
681
Voluntary intervention of parties
682
Substitution and bringing in of parties
683
CHAPTER XXXII
687
Same Rule in New York where part only of debt is due
688
Practice upon default by defendant Reference to compute amount due
689
When notice of motion for order of reference not necessary
690
When such notice is necessary New York Practice
691
Same When infant and absentee defendants New York practice
692
Reference to compute amount due Who may be referee
693
Same Changing referee
694
Same Who to prosecute reference Service of order
695
Same Finding as to how property should be sold
696
Same Conduct of reference New York practice
697
Same Examination on reference Evidence
698
Computing amount due Statement of items Allowance for repairs and payment of prior liens
699
Computing amount on building and loan association mort gages Fines and dues
701
Allowance of taxes and assessments paid by mortgagee
702
Before maturity 1450
703
Computing amount due on failure to pay taxes and assess ments
705
Report of referee
706
Filing and confirming referees report Exceptions thereto New hearing
707
Application for judgment What must be shown
708
Notice of application for judgment
709
Opening default Power of court
710
Proceedings where the bill is taken as confessed
711
When action ready for trial
712
Proceedings on trial after issue joined General rules
714
Proceedings after issue joined Where part only of the defendants have answered New York practice
717
CHAPTER XXXIII
719
Right to deficiency judgment
721
Lien of mortgagee on rents and profits
722
Causes for appointing a receiver Generally
723
Inadequacy of security and insolvency of mortgagor 726
729
a receiver
731
Injunction restraining sale Cause for appointing a receiver
733
When a receiver will not be appointed Mortgagor giving security
735
Where part only of debt due or premises can be sold in parcels
736
Where mortgagee guilty of laches Validity of mortgage denied
737
Where property in possession of stranger to the foreclosure
738
When rents cannot be applied under a receiver
739
When receiver applied for by defendant
741
Amount payable to effect redemption General rules 1472
742
Receiver of deceased mortgagors estate
743
Appointment of second receiver
744
No receiver where mortgagee holds legal title 7415
745
Subsequent mortgagee redeeming from prior mortgagee in possession
747
When a receiver will be appointed against a mortgagee in possession
748
Other cases for receiver where mortgagee in possession
749
Receiver where first mortgagee out of possession
750
Receiver appointed upon the application of junior mortgagee
751
Receiver when junior mortgagee in possession
752
Receivers as between different mortgagees
753
Same What matters may be urged in defense to application
754
CHAPTER XXXIV
755
Object of office of receiver
757
Modes of appointment
758
Appointment of receiver by court of equity
760
Appointment of receiver by federal court
761
General practice in appointing receiver
762
Time of appointing receiver
763
Appointment of receiver after granting decree
764
Appointment of receiver after sale
765
Manner of appointing receiver Motion or petition
766
On what papers application for receiver made
767
Appointment of receiver on ex parte application
769
What the application must show
770
Objections to appointment of receiver
772
Appointment of receiver by referee or master
773
proper person
774
Order of appointment by referee
775
Order of appointment by court Appeals
776
Contents of order appointing receiver Powers defined Prop erty described
777
Proposal of names for receiver 778
780
Effect of appointment of receiver
782
Jurisdiction of receiver
783
Rights and duties of receivers
785
Right of receiver to possession Nature of possession
786
Payments by receiver Repairs Taxes etc
787
Right of receiver to rents and profits
788
Rents bound from date of appointment of receiver
790
Personal liability of receivers
791
Interference with receivers possession
792
Remedy of parties claiming title paramount to receiver
793
Accounting of receivers
794
Compensation of receivers
796
Removal of receivers
797
CHAPTER XXXV
799
Same
801
Same Extent of relief granted by decree of sale
802
Time for redemption Effect on title of purchaser 1032
803
Same Description of property
804
Same Miscellaneous matters
806
Nature of sale
809
Time within which sale must be made
810
By what officer sale to be made Employing auctioneer or deputy
811
Same Authority
813
Same After foreclosure and sale 1474
814
Duties of officers making sale
815
Same Appraisement
816
Same Same Objections to
820
Description of mortgage and record in notice 1083
821
Same In New York
822
Contents of notice of sale 824
828
Same Insubstantial defects 827
829
Same Publication of notice of sale
830
Same Place of publication Sufficiency of newspaper
831
Same Posting statutory notice
832
Same Service of notice
833
Sale to be made at time advertised Place of sale
834
Same Miscellaneous persons 1117
835
Same At door of court house
836
654 Personal attendance of the officer conducting the sale
838
Terms and conditions of sale
839
Sale on credit
841
Same Where only part of debt due
843
Conditions of sale sometimes published
844
Postponement and adjournment of sale
845
Publishing notice of adjournment
847
Holding sale open
848
Who may purchase at foreclosure sale
851
Purchase by mortgagee 8 56
856
Memorandum of sale
859
Report of officer making sale
860
What referees report should show
861
Substituted or supplemental report of referee Notice to defendant
862
CHAPTER XXXVI
864
Same
865
Discretion of officer or referee as to selling in parcels
867
Sale in parcels When matter of right
869
Mortgagee or mortgagor dictating order of sale
871
Selling in parcels when premises described in one piece
872
Sale of premises subdivided into lots after execution of mort gage
873
Sale of moiety Land held by tenants in common
874
Where owner of separate tract is primary debtor
875
Same Where property partly in another state
876
Same
877
Same Where proceedings stayed by payment Subsequent default
879
Same Sale of portion of premises for part of debt due Failure to pay subsequent installments
880
Compliance with order or judgment
881
Sale of personal property or of timber with the land
883
CHAPTER XXXVII
885
Same Where the mortgaged land has been platted
889
Rights of purchaser of part of mortgaged premises subject to mortgage
890
Order of sale in parcels where subsequent grantee of part has assumed mortgage
891
Determining order of sale where various grantees Equities between them
893
Equitable rights between subsequent grantees and lienors
895
Equities between grantees Time of acquiring title
896
Where portions alienated have been released
897
Where conveyance by grantees of mortgagor
899
In case of subsequent encumbrances or mortgages
900
Same New Jersey Rule
901
In case of lessee not a party
902
Where the mortgage covers homestead and other lands
903
When rule for sale in inverse order does not apply
904
Same Where mortgage taken with notice of equities
906
Directions by court for the order of sale
907
Application to the court for direction
908
CHAPTER XXXVIII
910
Rights and liabilities of bidders Miscellaneous matters
911
Time to investigate title Reference
912
When bidder will be excused from completing his purchase Defect in the title
913
Same Irregularities in proceedings of sale Defect in parties
916
Same Where there were lunatic defendants
917
Same Where there were infant defendants
918
Same Known defects
919
Same Formal irregularities no excuse to purchaser
921
Miscellaneous rights of bidder where title defective
922
Doctrine of caveat emptor applied in some states
924
Refusal to comply with bid Effect Enforcement
925
Enforcing sale by attachment against purchaser
927
Taxing costs and disbursements on foreclosure by advertise ment 1179
928
CHAPTER XLIII
929
Affidavit of Posting Notice of Sale 1578
933
Who may object to confirmation or have sale set aside 942
939
Copyright

Common terms and phrases

Popular passages

Page 451 - Any person may be made a defendant who has, or claims an interest in the controversy, adverse to the plaintiff, or who is a necessary party defendant, for the complete determination or settlement of a question involved therein ; except as otherwise expressly prescribed in this act.
Page 533 - A conveyance upon a sale, made pursuant to a final judgment, in an action to foreclose a mortgage upon real property, vests in the purchaser the same estate, only, that would have vested in the mortgagee, if the equity of redemption had been foreclosed. Such a conveyance is as valid, as if it was executed by the mortgagor and mortgagee, and is an entire bar against each of them...
Page 363 - The question is upon the intention, actual or presumed, of the person in whom the interests are united.
Page 740 - A mortgage of real property shall not be deemed a conveyance, whatever its terms, so as to enable the owner of the mortgage to recover possession of the real property without a foreclosure and sale.
Page 277 - ... or possession of a particular estate is affirmed in the deed, either in express terms or by necessary implication, the grantor and all persons in privity with him shall be estopped from ever afterwards denying that he was so seized and possessed at the time he made the conveyance. The estoppel works upon the estate, and binds an after-acquired title as between parties and privies.
Page 589 - A person whose conveyance or incumbrance is subsequently executed or subsequently recorded is bound by all proceedings taken in the action after the filing of the notice, to the same extent as if he was a party to the action.
Page 876 - If such real property is situated partly in one county and partly in another and is so circumstanced that a sale of the whole will be most beneficial to the parties, the court rendering judgment may direct in which county the whole of such real property shall be sold. The conveyance is effectual, to pass the right, title, or interest of a party adjudged to be sold...
Page 97 - Should default be made in payment of any installment of principal or interest when due the whole sum of principal and interest shall become immediately due at the option of the holder of this note.
Page 3 - It is stated as a general rule, and it is unquestionably correct, that a note secured by a mortgage, or a deed of trust in the nature of a mortgage, is the principal thing, and the security but an incident.
Page 851 - A commissioner, or other officer making a sale, as prescribed in this title, or a guardian of an infant party to the action, shall not, nor shall any person, for his benefit, directly or indirectly, purchase, or be interested in the purchase of, any of the property sold...

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