93 P. 110 | Cal. | 1907
This is an action to quiet title to real property. The plaintiff recovered judgment and the defendants appeal on the judgment-roll.
On June 1, 1897, Margaret Reese was the owner of the land described in the complaint, subject to a mortgage made by her on February 20, 1892, to one Iburg. Iburg brought action for the foreclosure of this mortgage, recovering judgment under which the property was sold to Bunting, plaintiff herein, on June 1, 1897. After the expiration of twelve months from said sale a deed of the property was executed and delivered to Bunting by the commissioner who had made the sale. Thereafter, on June 28, 1898, Margaret Reese and some of the defendants herein commenced an action against Bunting, the plaintiff herein, in which action the superior court, on January 28, 1901, rendered a judgment that the plaintiffs therein and each of them were entitled to redeem the property from said sale within thirty days from the entry of said judgment, upon payment to the defendant therein (the plaintiff herein) of the sum of $819.89. This judgment was entered January 30, 1901, and within thirty days thereafter the plaintiffs in that action tendered to Bunting the amount of money necessary under the terms of the judgment to effect the redemption thereby allowed and provided for, but the said defendant refused to accept the said money. Thereafter the said defendant (plaintiff herein), appealed from the judgment and deposited with the clerk of the superior court a conveyance of the property to the plaintiffs in said action to abide the judgment of the supreme court on said appeal. He also surrendered and delivered the possession of the property to said plaintiffs. The judgment appealed from was affirmed by this court on December 29, 1903(Benson v. Bunting,
The contention of the appellants is that their tender to the plaintiff, within thirty days after the entry of judgment inBenson v. Bunting, of the amount required for redemption was in itself sufficient to accomplish the redemption, and that when such tender was refused it was not necessary thereafter to keep it good or to pay the amount to plaintiff. If we were dealing with the question of a redemption from execution sale, effected by act of the judgment debtor in the manner and within the period fixed by law, this contention would undoubtedly be sound, and that for the simple reason that the statute expressly so provides. Section 703 of the Code of Civil Procedure declares that "if the debtor redeem, the effect of the sale is terminated, and he is restored to his estate." Section 704 declares that "a tender of the money is equivalent to payment." Speaking of a tender in redemption made within the time prescribed by law, this court, in Leet v. Armbruster,
But was the redemption authorized by the decree in Benson v.Bunting the redemption provided for in section 702 et seq. of the Code of Civil Procedure? As a general rule, the redemption allowed by statute cannot be effected after the expiration of the statutory period allowed therefor. (Tilley v. *430 Bonney,
But such redemption, when authorized by the decree of a court of equity, finds its support, not in the provisions of the statute allowing redemption within a given time as a matter of right, but in the provisions of the decree granting to a party the privilege of redeeming upon terms fixed by the court as just. In the case at bar, the decree permitting redemption is described in the complaint, and no issue is made as to the allegations regarding it. Those allegations are that the court adjudged and decreed that certain defendants were entitled to redeem the property within thirty days from the date of entry of said judgment and decree, upon payment to the plaintiff of $819.89, with interest thereon at the rate of seven per cent per annum until payment, subject to certain reductions, and that in said decree it was further ordered and adjudged that if the said defendants should fail to redeem the property within thirty days, the said action might, upon motion of Bunting, the plaintiff herein, be dismissed. The complaint contains further allegations, from which it appears that the decree required the plaintiff to make and deliver to the defendants a deed of conveyance of the property in question.
Assuming that a court of equity may, in granting a right to redeem after the expiration of the statutory period, prescribe in its decree that the redemption so allowed shall be accomplished in the manner and subject to the conditions provided for statutory redemption, we think the decree in Benson v. Bunting
should not be construed as giving to the plaintiffs in that action a right to a statutory redemption to *431
be exercised within a new period of thirty days. The redemption authorized by the decree differed in several respects from that allowed by the code. In the first place, the rate of interest to be computed on the amount required for redemption was not that fixed by law. (Code Civ. Proc., sec. 702.) Again, the decree provided for a conveyance by the plaintiff, whereas, in case of a redemption under the statute, payment, or even tender, would"ipso facto work a restoration to the judgment debtor, or his successor in interest, of his title." (Leet v. Armbruster,
Appellants rely on section
The judgment is affirmed.
Angellotti, J., Shaw, J., McFarland, J., Lorigan, J., and Henshaw, J., concurred.
Rehearing denied. *433