Home Loan & Investment Co. v. Burrows

— Cameron, on May 1, 1924, sold Burrows, on contract, a residence property for $7,500, of which $1,500 was paid. When the parties, some months later, came to make settle ment on the contract, it was found that there were liens upon the property, aggregating $6,344.71. This was $165.80 more than the balance of principal and interest on the contract price. Burrows, however, accepted deed, dated December 12, 1924, reciting a consideration of $1.00, and stating that it was made in fulfillment of the contract, and subject to liens in favor of concerns named. Among- them was “judgment in favor of…