Paulson v. Lisowy

Bruce R. Paulson appeals a judgment dismissing his complaint for a money judgment based upon a land contract sale to Daniel A. and Constance A. Lisowy. The Lisowys, who in turn sold the subject property on a land contract to John G. and Láveme H. Loe-scher, also appeal a judgment dismissing their claim for money damages against the Loeschers. Both Paulson and the Lisowys contend that they can obtain a money judgment against a land contract vendee whose failure to make mortgage payments results in the foreclosure on the underlying property by a third party. We agree. A land contract vendor may…