234 N.W. 103 | Mich. | 1931
Lead Opinion
This is a bill to have a warranty deed, given to a contractor, under a contract to erect a *49 building upon the lot deeded, and a land contract given by the grantee to the grantors, decreed to constitute a mortgage, and to set aside a judgment of restitution under the land contract, and, if such cannot be done, then to grant plaintiffs the right to redeem from forfeiture of the land contract. If the deed and land contract cannot be decreed to constitute a mortgage, then there can be no right to redeem from the forfeiture of the land contract because of former adjudications between these same parties. In the circuit the bill was dismissed upon motion.
It was held in Vyse v. Richards,
Plaintiffs are assignees of the vendees' interest under a land contract given by defendants Krzeminski to Walter and Rose Hojnacki, who had conveyed to the Krzeminskis by warranty deed. The building contract providing for such deed and land contract, and the deed and land contract, in pursuance thereof, as set out in the bill, preclude a holding that the deed and land contract constitute a mortgage. Besides, the judgment in the summary proceeding, based on the land contract, is, by reason of no appeal, res adjudicata.
The dismissed bill sought no relief by way of redemption, and the instant bill is not upon newly-discovered matter but a mere prolongation of litigation between these parties. A bill to redeem cannot be withheld until all methods of attack are litigated and adjudged futile. Plaintiffs have had their day in court.
The decree in the circuit court is affirmed, with costs to defendants.
CLARK, McDONALD, POTTER, SHARPE, NORTH, and FEAD, JJ., concurred with WIEST, J.
Concurrence Opinion
At times this court has permitted redemption from a harsh foreclosure where the equities appealed to the conscience of the court and where parties acted promptly and made a tender or its equivalent in recognition of the rights of others as judicially determined. Such is not the present case. I, therefore, concur in the result. *51