Jefferson Park Realty Corp. v. Ridgely

Appellee Ridgely commenced this action seeking to subject appellant’s real estate to either an equitable lien or to the lien of an unrecorded mortgage. She had sold the property in question to one Bornstein and had taken back a purchase money mortgage which she claims he had induced her to release by fraud. Later Bornstein, with the joinder of others, formed appellant company and the land was conveyed to it for value by a third person who had in the meantime taken title. The trial court concluded that appellant was to be charged with knowledge of this conduct of Bornstein under the so-called…