Quitman v. Dowd

Mr. Presiding Justice Denis E. Sullivan

delivered the opinion of the court.

In this case a foreclosure proceeding was commenced on January 11,1933, and the property was sold on May 20, 1938, at a master’s sale, to Charles E. Bartley for $60,000 and at the time there was $25,000 unpaid taxes. Charles E. Bartley was the owner of $217,000 of the $271,000 bond issue secured by the trust deed on the premises. Louis M. Quitman, who since 1935 had been trustee in possession, under order of July 29, 1938, surrendered the premises to Bartley from whom he received the sum of $3,452.02 as the other…