126 Wis. 641 | Wis. | 1906
Lead Opinion
The following opinion was filed January 9, 1906:
The court adjudged that the defendant Loehr defaulted and failed to make payments specified in the contract, and also forfeited the 147 acres of land in the state of Nebraska which had been deeded to plaintiff David Dickson to secure the $2,000 payment falling due January 1, 1903, and also forfeited all payments made on the contract; and further adjudged that the said defendant Loehr be divested of all right, title, and interest in the property agreed to he conveyed by plaintiffs to him; and that if defendant Loehr •should pay to plaintiffs, within ten days after notice of entry of judgment, $2,000, plaintiffs shoidd deed to him the Nebraska land, and that if defendant Loehr should pay the sum ■of $28,547.31 in addition to the $2,000 above mentioned, besides $137.25 costs, within ten days after notice of entry of judgment,.then the action should be dismissed and all the terms and conditions of the land contract be deemed fulfilled and redeemed and the contract be in full force and effect, and that in default of such payment the judgment be absolute and the defendant Loehr be adjudged to pay the plaintiffs’ costs. And it was further adjudged that defendant Parker was the 'Owney of two safes, one oil painting, and a book case.
The errors complained of may be considered under the following heads: (1) That it was error to decree foreclosure, for the reason that it appeared plaintiffs were not the owners -of a portion of the property which was the’subject of conveyance in the land contract. (2) That it was error to adjudge
The question arises as to the time which, by the judgment of the court, defendant should he allowed to pay the debt for which the Nebraska land was held as security. Had the land been situate in Wisconsin defendant would have been entitled to one year after rendition of judgment under foreclosure proceedings to redeem, and we are inclined to think that, in harmony with this statute, equity would require that he have such time. Since one year has well-nigh elapsed since entry of judgment, the defendant should have reasonable time within which to pay the debt or convey the Nebraska land to. plaintiff David Dickson.
By the Oourt. — Judgment is reversed, and the cause remanded with instructions to the court below to enter judgment in accordance with law and this opinion.
Dissenting Opinion
The following opinion was filed April 17, 1906:
(dissenting). In this case it is decided in effect that a mortgage upon lands in Nebraska may be foreclosed by strict foreclosure in the courts of this state. This holding seems to me to be erroneous. It is the law of this state that a real-estate mortgage, whether legal or equitable, cannot be enforced by strict foreclosure, but only by judgment of foreclosure and sale under the statute. Rogers v. Burrus, 53 Wis. 530, 9 N. W. 786; Green v. Pierce, 60 Wis. 372, 19 N. W. 427. There was no proof of the law of Nebraska on the subject; hence it must, for the purposes of the case, be deemed the same as the law of Wisconsin. . Yet in this case a strict foreclosure has been decreed, in violation of the law of both states, because the parties are in one state and the land in another. The numerous cases holding that land contracts or trusts relating to property in a foreign state may be enforced in a personal action against the contractor or trustee by judgment requiring him to specifically perform his contract or fulfil the duties of his trust have no application. This is
Nor do the cases where action is brought to foreclose upon a single complete property, like a railroad extending into another state or jurisdiction, apply. In such cases jurisdiction of one portion of an indivisible res is obtained, and foreclosure and sale of the whole property by the court so obtaining jurisdiction is deemed a necessity. But this is no such case.
In my judgment the court could only determine how much was due the plaintiff upon the instalment for the payment of which the Nebraska land was deeded as security, and when it had done this it had exhausted its power, and the plaintiff would be obliged to bring his action in Nebraska to foreclose the equitable mortgage created by the deed.
It is proper to note that it will appear by examination of the decisions in Nebraska that the supreme court of that state seems to have held that an equitable mortgage like the present, resulting from an absolute deed of real estate as collateral security only, may be foreclosed by strict foreclosure. Gallagher v. Giddings, 33 Neb. 222, 49 N. W. 1126; South Omaha Sav. Bank v. Levy, 95 N. W. 603. What effect this holding might have on the correctness of the present judgment may not be clear, but it cannot be considered because no proof was made in the case that such was the law of Nebraska, and in the absence of such proof the law of that state is conclusively presumed to be the same as the law of this state.