Porritt v. Stone

Carr, J..Plaintiffs brought this suit in equity in the circuit court of Wayne county asking for injunctive relief and for a decree declaring an assignment of the vendees’ interest under a land contract an equitable mortgage intended as security for the repayment of a loan. Certain material facts involved are not in dispute. Hnder date of August 30, 1945, plaintiffs entered into a land contract with Mae M. Willis for the purchase of certain real estate in the village of Northville, Wayne county. In their bill pf complaint in the instant case plaintiffs alleged that the total consideration to…