Wallace v. Bartle
Wallace v. Bartle
Opinion of the Court
Then, again, but for the deed to Mrs. Brice, made and filed for record in March, 1857, there would be but little doubt that, as Preston bought without knowledge of
But when he bought, the title was in Mrs. Brice. Now, leaving out of consideration the fact that Bartle put his bond on record, before Preston obtained his sheriff’s deed, but after his purchase, the question is whether Preston or Bartle occupied the better position as to this land on the 18th of January, 1864, the date of Preston’s purchase. At this time, we remark again, the title was in the mother, and any possible equity at any time held by the son, had been sold by him to Bartle for a full and valuable consideration-, long before paid and received. As to Bartle then, S. M. Brice had no title to the land nor right therein. Nor had he in favor of Preston, except upon the ground that the conveyance to the mother was fraudulent. Preston then bought, not Brice’s legal title, for he had none, but his equity, whatever it was. In so purchasing, there being no fraud on the part of Bartle, did he get Brice’s apparent or only his actual equity? Of record there was no apparent equity. For the record imported no more notice of an equity in Brice as against his mother in favor of creditors, than it did of Bartle’s interest in the land. Then, did Preston acquire anything more than Brice’s interest in the land, an interest not of record, not resting in pais even, but based upon the theory that the mother, as a fraudulent grantee, held the same in trust for the son’s creditors ? In other words, if a judgment creditor shall buy in the land under execution, to which the debtor has no apparent or record title, but there is an equity
In the first place, Bartle had obtained and held, at the time of the commencement of this suit, the legal title, and this is entitled to superior strength, even conceding that in conscience the rights of the parties are equal. In the second place, Preston was the purchaser of an equity and not of the legal title, and as such he was affected in conscience by the prior equity, and as Bartle’s equity was prior in point of time, it is therefore prior in point of right. Story’s Eq. Juris., § 1502; Eq. Pl., 604; Sugden Vendors (7th ed.), ch. 16, 713; ch. 18, 757; Grosvener v. Allen, 9 Paige, 74; Anderson v. Roberts, 18 Johns. 513; S. C., 3 Johns. Ch., 377; Fitzsimmons v. Ogden, 7 Cranch, 2; Vattier v. Hinde, 7 Pet., 271.
We are aware that under our statute a judgment becomes a lien upon the real estate of a defendant, and that this term includes “ all interests therein, equitable'as well as legal.” And it is equally true that the equity title of a defendant in real estate may be levied upon and sold as well as the legal title. But if one bnys an equity, he buys no more, and cannot claim all the rights of one buying in the legal title. It is not as though he buys land, the legal title being in the debtor, with notice of a lien in favor of A, and it should be claimed that thereby he had notice of a secret lien in favor of B. In such case it is clear that the purchaser would not be affected with notice of B’s equity, Koons v. Groves, 20 Iowa, 373. But if the creditor purchases under execution the equitable title of his debtor, we think he buys at his
Affirmed.
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