Atlantic Shores Corp. v. Zetterlund

On February 2, 1928, Zetterlund and his wife filed their bill of complaint in the Circuit Court of Broward County to foreclose a purchase money mortgage. Atlantic Shores Corporation, the purchaser, and several hundred persons who had acquired rights in the lands, were named as parties defendant to the suit. The bill set up an indebtedness on the mortgage of $2,653,517.30, with interest from November 29, 1928. The original purchase price of the land is shown to have been three million and twenty-five hundred dollars.

The foreclosure was sought prior to the natural due dates of installments of…