Legal Opinion

Basse v. Raab

New Jersey Court of Chancery

Decided June 8, 1944No. Docket 149/512Published

1Opinion of the Court

Complainant brings this suit to compel defendant to cancel a mortgage on her property. The mortgage was originally executed by her and her husband in the amount of $5,000, but it was later reduced by payments to approximately $4,000. After the death of her husband she paid the amount of the mortgage to the original mortgagee but, instead of taking a satisfaction of the mortgage, she arranged to have it assigned to her nephew, the defendant. There was apparently some sort of an arrangement between them whereby she was to retain some sort of interest in or dominion over the mortgage. She…

2Cases cited1 opinion

  1. Brauer v. Trustees of First MethodistSupreme Court of New Jersey · 1938

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