Carlson v. Mixell

OPINION

LANSING, Judge.

Vendees under a contract for deed appeal the amount of an injunction bond set by the trial court in the contract termination proceedings. We remand for reconsideration.

FACTS

In April 1985 Grant and Ruth Carlson entered into a contract for deed with Opal, Robert and Sandra Mixell for the purchase of a house at 245 Irving Avenue North in Minneapolis. The original terms were a purchase price of $46,500 paid by monthly installments of $400, a downpayment of $10,000 and a final balloon payment after seven years. By agreement of the parties, the terms were changed to divide the…