Woods v. Monticello Development Co.

BERMAN, Judge.

Following the buyers’ default on an installment land contract and declaration of forfeiture by the seller, the buyers sued for and were denied the rights of equitable redemption and cure by the trial court. The buyers appeal, and we reverse and remand.

In 1973, Samuel and Donna Woods (buyers) contracted to purchase a mobile home site from Monticello Development Company. The buyers paid $825 down and agreed to payments of $89.75 per month. Under the terms of the contract, the seller was to retain title until the full purchase price of $16,152.50 was paid. In the event of a 20-day…