Evening journal., 1922-06-28
s5A44
Received payment,
CALEB z. BURcHENAL.


The highest item on the bill. that
for house rent. represents the unpaid
rertal OF the tenant who has been
and is now occupying the property
bought by Mr.. Smith. In other
words. Mr.. Smith was informed that
before there could be an adjustment
and settlement for his new home he
would have TO pay the back rent due
and then collect II himself from the
owing tenant.
Mr.. Burchenal was not at his Of
fice in the Ford Building. when in
quiry was made whether this prac-
tice OF forcing payment OF back rent
due on properties at the Gardens
was TO be carried out in general
Everett E. Borton. who has Offices
with Mr.. Burchenal and who is as
sisting Mr.. Burchenal in settling for
Gardens properties. spoke in his be-
half.
That is the way in which the set
Elements are being handled by the
Greenfield people" said Mr.. Borton.
I'VE are not doing it, but the Green
field people are"
\0AAAAAANAAAAAAa nH0A AAAAN EANAaNs1AA
which shifts the burden of collecting
back rents upon the purchasers of
the Gardens homes, one OF the best
known real estate authorities in the
city said:
such practice IS common in real
estate transfers. but in the cases OF
the Gardens people I readily can un-
derstand the added irritation IL will
prove TO them in view OF the long de-
lay in turning over to them their
homes.
The whole fault lies with the
United States Shipping Board and
Its methods first in making its terms
of sale for the original auction so
strongly against the buyers and sec
ond shifting all responsibility to a
Philadelphia speculator.
Undoubtedly the purchasers of
the Gardens homes believed they
were dealing with the United States
Government and they felt they
would be certain TO get fair and
square treatment. They have not
been treated fairly. however. and
the blame rests directly upon the
c4i4ppluE bodIu o4AN4dA9
Il do not see how the purchasers
can get around paying up any back !
rents due on the properties they
have bought, because the terms Of
sale provide for adjustment OF |
rent" II is a little clause. but a /
highly important one, and which un- I
deniably will only increase the indig- ]
nation of the buyers as they learn !
of IT,"
How the blanket mortgage Of
s66O.000 given by the Greenfield /
firm tends to block settlements was
told today by a wrathy purchaser OF \
,ne Of the homes. Although The
Evening Journal is in possession OF
his name. he asks that it not be
published for the simple reason
hat such publication might tend TO
arouse the Greenfield firm TO holding
ID his settlement as long as possible
.or punishment.
This purchaser is a reputable
downtown business man. Here is
MS story:
II bought one Of the Gardens
houses at the auction. About two
weeks ago / called on Mr.. Cornell
It the Liberty Land Office and asked
lbout making a settlement. Mr..
Cornell replied that cash transfers
we're being cared for first and that
as 1 wanted a mortgage I should
nave to wait.
Then / asked whether, II I could
'aise the cash elsewhere on mort
rage. my transfer would be hasten
ID. Mr.. Cornell replied in the af-
irmative. SO 1 applied 10 a well
Known trust company. stated my
,ase and was informed that the
believed it could help me
,ut. OF course the trust company
aid II would have TO make its own
earches. I agreed to this.
"A few days later the trust COM
,any informed me that its counsel
lad discovered that the S660,000
blanket mortgage given by Green
leld to the Shipping Board had not
,een satisfied and under the cir
it could not advance
he money TO me on mortgage un-
IL the Greenfield obligation was
incidentally. might say that
.sked Mr.. Cornell in the course of
ur dealings if I would have TO
,ay for two searches on the prop
rty. one by the Greenfield aeople