148 Mass. 616 | Mass. | 1889
This is a bill brought to set aside a sale under a power in a mortgage, charging fraud and combination to sacrifice the land between the defendants Hano, the purchaser at the sale, and the Framingham Savings Bank, the mortgagee. The defendant Pratt purchased after the bill was filed, and with notice of the suit. The judge who heard the case found for the defendants, and dismissed the bill.
The sale took place on July 16,1887. It was advertised three successive weeks, viz. June 18 and 25, and July 2. No question is made as to the form or times of advertisement, but it is said that the newspaper selected was not a proper one. The newspaper was the Brighton Item, a paper published in Brighton, a part of Boston. Therefore it was “ one newspaper published in said Boston,” and technically answered the requirements of the deed. That was all that was necessary as against Hano, a purchaser for value and a stranger to the mortgagee, who had received his deed before any complaint was made to him, unless he had notice of a want of due care on the part of the sellers. It would not be for the interest of mortgagors to subject purchasers to a postponed liability to have their purchase ripped up if a jury should subsequently find that the seller, without their knowledge, had been guilty of some want of care in advertising the sale. Montague v. Dawes, 14 Allen, 369, 373.
Furthermore, although the circulation of the Brighton Item was small, — about five hundred copies, — yet, having in view the nature of the land, which was an unoccupied lot of moderate value, more likely to attract purchasers from the neighborhood than metropolitan capitalists, probably it was quite as well for the plaintiff to have the advertisement published in this newspaper, which was nearest the land and was read among the neighbors, as in one of the greater but more distant papers. We see nothing to find fault with in the advertisement. See Thompson v. Heywood, 129 Mass. 401, 404; Briggs v. Briggs, 135 Mass. 306, 309.
But it is said that, if the advertisement might have been thought proper beforehand, it was shown to have been insufficient by the result, and that at any rate, in view of the small attendance, there was a manifest duty to adjourn the sale, which was as plain to Hano as to the bank. But Hano, who was himself brought there by the advertisement, says that there were a dozen persons present, and from four to six bids. The auctioneer says a dozen, or perhaps nine persons, and quite a number of bids. A third witness says a dozen persons, and several of these were bidders. Hano bid twice. The sale realized more than the amount of the mortgage and expenses, and probably would have realized more still had not Pratt, who saw the advertisement and meant to attend the sale, forgotten it. In Briggs v. Briggs, ubi supra, the newspaper in which the sale was advertised had no circulation in the town where the land lay, the times of advertising, although technically within the words of the mortgage, were unsuitable, the notice attracted no bidders, the only persons present were there in the interest of the holder of the mortgage, who bought in the premises, and the master reported that the sale ought to have been adjourned.
There was some suggestion that the plaintiff had been lulled into security by the course of the bank. If such were the fact, the case against the bank would require careful scrutiny. But it appears pretty plainly that the bank had made many efforts to induce the plaintiff to pay promptly, that her husband and agent had been told several times that he must attend to the interest or the mortgage would be foreclosed, and that notice was sent him on April 23,1887, stating that interest due April 1,1887, was unpaid, and that if not paid at once legal proceedings would be taken to collect it. Bill dismissed.