Gleiser v. McGregor
This text of 52 N.W. 366 (Gleiser v. McGregor) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
In September, 1882, the plaintiff was the owner of a certain tract' of land under a contract of purchase, on which a payment, had been made. He and his wife assigned the contract to the defendant, John McGregor, who thereafter paid the balance due upon the contract, and took a deed to the land in his own name. The plaintiff also owned one hundred and twenty acres of land adjoining the tract above mentioned. This one hundred and twenty acre tract was incumbered by mortgages to several parties. In 1884 [490]*490the plaintiff and his wife, for the nominal consideration of one dollar, quitclaimed this land to the defendant. In 1886, plaintiff removed from the premises last above mentioned, and the defendant, John McGregor, entered into possession of them, and has ever since retained, such possession. The plaintiff claims that the assignment of the contract, and the execution of the quitclaim deed to the defendant, were made for the purpose’ of securing an indebtedness of the plaintiff, which said defendant had become responsible for, as -well as for future sums which were to be advanced by the defendant. The defendant first admitted that the contract, and deed were made for the purpose of security only, but afterwards claimed absolute title to the land. The plaintiff seeks to redeem the land, compel a reconveyance, and have an accounting of rents and profits received by the defendant. The defendant asks compensation for improvements made on the land, alleges that they were made in good faith, supposing he was the owner. The court below found the defendant held the land as security, allowed him the amount the plaintiff owed him, and for taxes paid, and the actual value of improvements made, with interest thereon; charged him with rental value of the premises, with interest thereon, and made an order fixing the time within which redemption should be made. The plaintiff appeals from the accounting, as well as from the find-| ing as to rents, value of the improvements, and time fixed for redemption.
I. The appellees contend that the appeal should be dismissed, as only a part of the decree is appealed from.
II. The question as to the effect of the contract and deed — whether the defendant under them took an absolute title, or simply held them as security — is not raised by this appeal.
III. We have carefully examined the accounting made by the district court, and find it fully justified by
This is an action to redeem, not under the statute, but based upon the fact that the transaction between the parties amounted in law to a mortgage of the real estate in controversy. 1 Jones on Mortgages, section 342. We know of no fixed rule in such cases for determining the amount which must be paid in redemption, further than that the one seeking to redeem must pay the obligation for which the instrument stands as security. But the facts in the case at bar are peculiar. .Ordinarily, the grantee in such a case does not enter into [492]*492possession and occupancy of the premises conveyed; but here be did, and for some time enjoyed the rents and profits arising from the land. He also paid the taxes and certain incumbrances. He built a house, barn, fences, and made other improvements; in all aggregating a considerable sum in value. It appears from the evidence that all these, improvements were made with the plaintiff’s knowledge and consent, and some of them in accordance with his expressed desire'. Having virtually consented to the improvements, there is no reason why the plaintiff should not be held to account for what they cost, in the absence of evidence showing that the cost was so great as to indicate that the defendant intended thereby to prevent any redemption.
III. There was no error in the action of the court below in allowing only six months to the plaintiff in
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52 N.W. 366, 85 Iowa 489, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gleiser-v-mcgregor-iowa-1892.