Sherman v. Velger

Plaintiffs appeal as of right from the trial court’s July 15, 1980, order for delivery of a warranty deed pursuant to a redemption of foreclosure.

On March 4, 1976, plaintiffs and defendants entered into a land contract whereby defendants agreed to purchase, from plaintiffs, certain residential property located in Macomb County. The contract called for a purchase price of $110,000 with a $15,000 downpayment. In addition to monthly payments of $600, the contract also provided that payments of $4,000 were required to be made on June 1 and December 1, throughout the term of the contract.…