Hamburger v. Russell

This is a bill to foreclose a land contract, with prayer for deficiency decree against defendant, assignee of the original vendee, Brown. The court dismissed the bill.

Plaintiff had sold some real estate in Detroit on contract to Brown and two others. Brown's share was $8,000, of which he had paid $3,810. In October, 1927, the vendees had a chance to trade their equities. With plaintiff's consent the exchange was made; Brown received eight lots in Centerline village, Macomb county, and his account with plaintiff as to the Detroit property was transferred to the lots, by plaintiff taking a deed…