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2 Thomp. & Cook 577

Crane v. Stiger

New York Supreme Court

Decided February 15, 1874

New York Supreme Court · decided 1874-02-15

The plaintiff was, in 1870, the owner of five houses and lots in Warren street, in the city of Brooklyn. During that year he sold them to Jacob M. Stiger, one of the defendants, for $4,600 each; in the aggregate $23,000. The consideration was all mortgage. Upon each house was already a mortgage of $2,000, and Stiger executed, to plaintiff a further mortgage of $2;600, giving in all five mortgages.

Relies on Cazet v. . Hubbell · Frost v. Myrick

Decided 1874-02-15

Gilbert, J.

¶1The court below must have found that the agreement sworn to by Stiger, namely, that the plaintiff should purchase at the foreclosure sale for the amount of the judgment, was in fact made. We do not feel warranted to reverse that conclusion. Assuming the existence of that agreement, it would be unconscientious and. inequitable to allow the sale to stand. Frost v. Myrick, 1 Barb. 370. The defendant, it is true, has been guilty of laches, but that fact affects only the terms on which he should be relieved. For has the purchaser acquired a vested right which prevents the interference of the court. On the contrary, by becoming a purchaser, he submitted himself to the jurisdiction of the court for all purposes relating tó him in that character as if he had been a party to the suit. Requa v. Rea, 2 Paige, 341; Cazet v. Hubbell, 36 N. Y. 677.

¶2The order should be affirmed, but without costs.

¶3Order affirmed.

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