Bard v. Rabinfried Realty Co.

Two foreclosure actions were tried together. They involve the same question. There is no controverted question of fact. The defendant Ritterman became the owner of the properties covered by the two mortgages in July, 1923. The mortgages in question had been placed on the property in June, 1923. They had not been executed by Ritterman, but by her grantor. The mortgages were installment mortgages, and in fact called for the payment of an installment on September 6, 1923, and quarterly thereafter. Defendant Ritterman, however, did not know that the installments were payable quarterly, or that…