Barbour v. Handlos Real Estate & Building Corp.

Plaintiff commenced an action on October 28, 1980, seeking equitable relief, a declaration relieving him of liability on a mortgage note and mortgage, and money damages. Following a bench trial, the circuit court granted plaintiff partial relief but declined to invalidate the mortgage or its interest payment provisions. Plaintiff appeals as of right, and we affirm.

Defendant Thomas A. Handlos was licensed both as a real estate broker and a residential builder. In 1976, he joined his mother’s Grosse Pointe Woods real estate office as an associate broker and subsequently did business as a…