Portland Credit Union v. Hauge

STRUTZ, Judge.

This is an action to set aside an assignment of interest in real estate as having been made to defraud creditors. The pertinent facts are as follows:

The defendant Arthur Hauge owned a quarter of land in Traill County, which he and his wife occupied as their homestead. In 1961, a mortgage which they had previously given on this land was in the process of being foreclosed. In order to save their home, the Hauges borrowed money from one Theodore Huus, a neighbor. They gave Huus a deed to the property and then received back a contract for deed. This contract for deed was taken in…