Naas v. Peters

Appellate Court of Illinois

Naas v. Peters

52 N.E.2d 817, 321 Ill. App. 212, 1944 Ill. App. LEXIS 569

CourtAppellate Court of Illinois

DecidedJanuary 24, 1944

DocketGen. No. 42,785

StatusPublished

Cited by2 cases

This text of 52 N.E.2d 817 (Naas v. Peters) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Naas v. Peters, 52 N.E.2d 817, 321 Ill. App. 212, 1944 Ill. App. LEXIS 569 (Ill. Ct. App. 1944).

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Opinion

Mr. Presiding Justice O’Connor

delivered the opinion of the court.

By this appeal defendant, Bose B. Peters, seeks to reverse a decree entered in a foreclosure suit holding her liable for the deficiency of $3,834.45.

The record discloses that plaintiff, Dorothy A. Naas, owned some vacant lots in Niles, Illinois, which on December 31, 1934, she conveyed to Lester B. Peters for $20,000, of which $6,000 was paid in cash, and on the same day, Lester B. Peters executed his notes for $14,000 for the balance of the purchase price, and conveyed the property by trust deed to secure the payment of the $14,000. Immediately following this and on the same day, Lester B. Peters conveyed the premises by quit claim deed to his mother, Bose B. Peters, the defendant. Afterward a number of payments were made on the indebtedness and June 30, 1941, default was made in payment and a suit filed to foreclose the lien of the trust deed for the amount remaining due and unpaid. The cause was referred to a master in chancery who took the evidence, made up his report, a decree of foreclosure was entered, the property afterward sold and Lester B. Peters and his mother, Bose B. Peters, were held liable for the deficiency. The mother alone prosecutes this appeal.

The evidence all shows that Lester, the son, had no money; that the property was purchased by his mother, title taken in his name, that she furnished all the money and that he took title and executed the trust deed and notes merely for his mother. In these circumstances when the title to the property was conveyed to Lester a resulting trust was created, the mother being the real owner of the property and she is liable for the deficiency. Bride v. Stormer, 368 Ill. 524.

The decrees of the superior court of Cook county are affirmed.

Decrees affirmed.

Niemeyer and Hatchett, JJ., concur.

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Mr. Presiding Justice O’Connor

delivered the opinion of the court.

By this appeal defendant, Bose B. Peters, seeks to reverse a decree entered in a foreclosure suit holding her liable for the deficiency of $3,834.45.

The record discloses that plaintiff, Dorothy A. Naas, owned some vacant lots in Niles, Illinois, which on December 31, 1934, she conveyed to Lester B. Peters for $20,000, of which $6,000 was paid in cash, and on the same day, Lester B. Peters executed his notes for $14,000 for the balance of the purchase price, and conveyed the property by trust deed to secure the payment of the $14,000. Immediately following this and on the same day, Lester B. Peters conveyed the premises by quit claim deed to his mother, Bose B. Peters, the defendant. Afterward a number of payments were made on the indebtedness and June 30, 1941, default was made in payment and a suit filed to foreclose the lien of the trust deed for the amount remaining due and unpaid. The cause was referred to a master in chancery who took the evidence, made up his report, a decree of foreclosure was entered, the property afterward sold and Lester B. Peters and his mother, Bose B. Peters, were held liable for the deficiency. The mother alone prosecutes this appeal.

The evidence all shows that Lester, the son, had no money; that the property was purchased by his mother, title taken in his name, that she furnished all the money and that he took title and executed the trust deed and notes merely for his mother. In these circumstances when the title to the property was conveyed to Lester a resulting trust was created, the mother being the real owner of the property and she is liable for the deficiency. Bride v. Stormer, 368 Ill. 524.

The decrees of the superior court of Cook county are affirmed.

Decrees affirmed.

Niemeyer and Hatchett, JJ., concur.

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52 N.E.2d 817, 321 Ill. App. 212, 1944 Ill. App. LEXIS 569, Counsel Stack Legal Research, https://law.counselstack.com/opinion/naas-v-peters-illappct-1944.

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