Soltis v. Liles

Plaintiffs brought this suit seeking strict foreclosure of a real estate installment sale contract. The trial court issued a decree granting strict foreclosure, and defendants appeal to this court.

Plaintiff husband, 1 a licensed real estate broker, entered into an earnest money agreement with the defendants during the fall of 1971 for the sale of some property which he was about to purchase, or had recently purchased, from one of his clients. 2 On November 12,1971, plaintiff and defendants executed a land sale contract pursuant to which defendants paid $1,000 down and agreed to pay another…