52 P. 1046 | Or. | 1898
delivered the opinion.
This is a suit commenced April 13, 1895, to foreclose the equitable interest of an obligee in a bond for a deed of real estate. The complaint alleges that on October
It is claimed, however, that this doctrine is abrogated by section 414 of the Code, and that a decree in such suit must order the land sold in the manner provided by law for a sale under execution to satisfy the balance due on the purchase price. But that section has reference to the foreclosure of liens for the security of some debt, while the vendor’s so-called “lien” under a contract for the sale of land is not strictly a lien at all, but merely an equitable light “to compel the vendee to make payment of the purchase money within a specified time, or else be
Affirmed.