McNeill v. McNeill

204 Ill. App. 287 | Ill. App. Ct. | 1917

Mr. Presiding Justice McSurely

delivered the opinion of the court.

Abstract of the Decision. 1. Trusts, § 254*—when evidence is sufficient to sustain findings in suit to establish a trust in property. Evidence held to sustain the finding that certain money paid by the defendants for an extension of one year of the redemption period on the foreclosure sale of complainants’ property was to enable the complainants to save the property by a sale thereof within the year, and that if the complainants were unable to do so that the defendants were to take the property as their own, in a suit to establish that the defendants held the property in trust for the complainants after the expiration of said year. 2. Frauds, Statute of, § 48*—when agreement relating to land is within. Where a bill in equity set up a verbal agreement as the basis of suit, by the defendants, to pay for and take over complainants’ real estate sold on foreclosure and hold same until a desirable sale thereof by complainants could be had and then account to complainants for the proceeds of such sale, held that such agreement would be within the Statute of Frauds and not enforceable. 3. Trusts, § 64*—when fiduciary relation is not created. The mere fact that parties to a business transaction are brothers does not as matter of law give to such transaction a fiduciary character. 4. Trusts, § 64*—what does not constitute constructive trust. Where the defendants had advanced money to secure an extension for a year of the period for redemption of complainants’ property from a foreclosure sale thereof, under an agreement that the complainants might redeem within said year and that if they did not the defendants might complete the redemption for their own benefit, and the defendants did, upon complainants’ failure to redeem within the year, complete thereafter the redemption of the property and receive deed therefor, held that there was no constructive trust in the defendants as to said property so redeemed by them, notwithstanding one of the complainants was a brother of the defendants. 5. Mortgages, § 31*—when deed declared to be a mortgage. Before a conveyance absolute on its face can be transformed into a mortgage, a clear and satisfactory intent to this effect must be shown. 6. Mortgages, § 16*—when deed not declared to be .a mortgage. In the absence of a debt due from the grantor in a deed to the grantee therein, such deed cannot be held to be a mortgage. 7. Mortgages, § 14*—when deed without consideration as a mortgage. Where the complainants, as the period for redemption of their property from a foreclosure sale was about to expire, executed a quitclaim deed of the property to the defendants upon the latter advancing the money for an extension of- such period for one year, under an .agreement that should the complainants not redeem the property within said year the defendants might for their own benefit, held that such deed was without consideration as a mortgage and could not be so considered. 8. Mortgages, § 32*—what is evidence that deed was not a mortgage. Where the complainants did not question the defendants’ possession and claim as owners of certain property for fourteen years or until three years after the defendants had sold it, held that such facts indicated that a deed to such property given by the complainants to the defendants prior to such possession by the defendants was absolute and not a mortgage. 9. Trusts, § 240*—when a complainant is guilty of laches in bringing suit to establish trust in property. The complainants held guilty of laches in bringing suit to establish a trust' as to certain property fourteen years after the defendants had acquired possession thereof upon a foreclosure sale and deed to them and three years after they had sold it, where the complainants had knowledge of the facts from the beginning.