77 Ill. 151 | Ill. | 1875
delivered the opinion of the Court:
This is an appeal from the circuit court of McLean county, sustaining a motion made therein to set aside a sale made on execution, of a certain tract of land, made at the instance of the plaintiff in execution.
One Franklin Kimler had obtained a judgment in the McLean circuit court against Walter Vanscoyoc and O. H. P. Vanscoyoc, on which afi.fa. was duly issued, which came to the hands of John Pitts, deputy sheriff, who, on the 19th of February, 1873, went with the writ and demanded payment of O. H. P. Vanscoyoc, who turned out the land in question, and directed the officer to levy on it, which was done, and the- land advertised, and sold on the 17th of March, 1873, and the same was struck off to K,. E. Williams and H. Burr, the plaintiff’s attorneys, for the sum of four hundred eighty-four dollars and twenty-eight cents, the amount of the judgment, who entered satisfaction of the execution.
At the September term, 1874, a motion was made by Williams & Burr to vacate this sale, and then and there presented and read affidavits going to show that the land was incumbered by prior recorded mortgages above its value, and that they purchased supposing the land to be unincumbered. Affidavits were read, on the other side, going to show that no representations of any kind were made by the judgment debtor, or other person, to the sheriff, or other person, that the land, at the time of the levy, was free from incumbrance. It would appear the incumbrances exceeded in amount the value of the land.
The court sustained the motion, cancelled satisfaction of the execution, and restored the plaintiff in the execution to all his rights, the same as if no sale had been made,'and directed an alias ft. fa. to issue upon the judgment.
The appeal brings before us this action of the court upon the motion, and, to dispose of it, it is only necessary to refer to the case of Finley v. Thayer, 42 Ill. 350, where the principles governing this case are fully discussed. In that case, as in this, an equity of redemption only, was the subject of sale, and that alone was purchased, and the purchaser succeeded to all the rights of the mortgagor in the premises, which may, in many cases, be very valuable. The purchaser, in such case, acquires the property subject to all the burdens upon it, and subject to which he purchases, and the amount lie bids, if accepted, becomes an unconditional satisfaction of the execution, to that extent. Such a purchase by a plaintiff in the execution, for the amount of his debt, is a satisfaction of his judgment, as much so as if the purchase had been made and the money paid by a stranger.
In such case there is no implied warranty on the part of the debtor that a purchaser shall acquire a fee simple, free from incumbrance, or that the debtor will redeem; nor is he under any legal or moral obligation to redeem. By the purchase, the purchaser declares, in effect, that the property is worth to him the amount of his bid, and, by purchasing, he ■prevents the debtor from redeeming.
In such purchases, the maxim caceat emptor applies, and, in the absence of fraud or misrepresentation as to title and its condition, the purchaser must bear the loss. This is element-an' now, it having been so often so adjudicated by the courts.
The ])urchasers here attempt to show there was misrepresentation by the sheriff, by which they were misled. The sheriff was not, in any sense or for any purpose, the agent of the defendants in the execution, but rather the agent of the plaintiff therein. It is clearly shown the defendants in the execution made no representations of any kind as to the title.
It is urged by appellee that knowledge came to his attorneys, the purchasers, of the levy on the day the sale was to be made, and not before, and they had no time to examine into the condition of the title.
This can not avail anything, for it was in their power to direct the .sheriff to postpone the sale until an examination could be made. They did not choose this course, but thought proper to bid off the land. In the absence of fraud and misrepresentation,- of all which this case is clear, the sale and purchase must be held valid. The court, in setting it aside, cancelling the satisfaction entered upon the fi. fa., restoring-plaintiff in the execution to all his rights as they existed prior to the sale, and ordering an alias fi.fa.. erred, and, for the error, the judgment must be reversed and the motion dismissed.
It is said by appellee that the bill of exceptions does not purport to contain all the evidence heard on the motion. When it is known such motions are always disposed of by-affidavits read and filed in court, and the bill of exceptions, after reciting the affidavits, declares they were all the affidavits heard on the motion, we must intend they contained all the evidence the court heard.
The judgment is reversed and the motion dismissed.
Judgment reversed.