Hornack v. Young

On or about September 30, 1966, the defendant was in need of someone to pay off a mortgage on her homestead and she turned to the plaintiffs for help. The defendant tendered a deed dated September 26, 1966, to the plaintiffs and received consideration in the amount of $3,-500. By a land contract dated the following day, the plaintiffs reconveyed the property back to the defendant. The purchase price was $4,800 with no down payment, an interest rate of 7 percent on the unpaid balance, and monthly payments of $70.

The defendant was unable to meet her payments and, on February 1, 1972, plaintiffs…