Camfield v. Olsen

Sellers sued to foreclose buyers’ equity of redemption under an installment contract for purchase of a motel. A cross-petition for damages alleged that sellers had induced formation of the contract by false representations of motel earnings and flooding. The district court found, default of buyers under the contract and false representations of earnings alone. Ordering foreclosure by sale, if assessed buyers’ damages in the nominal sum of $10 which it credited to them on the amount due sellers. Buyers ask us in de novo review on appeal to find false representations of flooding and to allow…