Mihranian, Inc. v. Padula

We affirm substantially for the reasons expressed by the Appellate Division, 134 N. J. Super. 557 (1975). The plaintiff, Mihranian, Inc., (Mihranian) had an equitable interest in Padula’s equitable ownership when he (Padula) contracted with Bond and Mortgage Company of New Jersey (Bond and Mortgage) to purchase the land. When Mihranian rescinded its agreement with Padula, then Mihranian’s vendee’s lien attached to Padula’s interest in the land. That lien and the filing of the complaint to enforce it justified the filing of the lis pendens and Yilla Madrid, Inc. charged with notice by reason…