Oades v. Standard Sayings & Loan Assn

Plaintiffs executed to defendant loan association a real estate mortgage for $20,000, of which they received $15,000. The balance was not paid them because its advance was conditional on their selling the premises to a bona fide purchaser for $40,000 and they did not make a sale. Defendant Stopher is the broker who negotiated the loan for plaintiffs. No relief is prayed against him.

Plaintiffs having defaulted in all payments except the first, foreclosure was had by advertisement. Sale was made April 10, 1930, and the premises bid in by defendant association. April 8, 1931, plaintiffs…