Case Name: Philip Slade, appellant, agt. Perry Warren Jr. et al., respondents
Court: New York Court of Appeals
Jurisdiction: New York
Decision Date: 1848-09
Citations: 5 How. Pr. 77
Docket Number: 
Parties: Philip Slade, appellant, agt. Perry Warren Jr. et al., respondents.
Judges: 
Reporter: Howard's Practice Reports
Volume: 5
Pages: 77–78

Head Matter:
Philip Slade, appellant, agt. Perry Warren Jr. et al., respondents.
Decree affirmed.
Samuel Stevens for appellant; D. Buel Jr. for respondents.

Opinion:
This was a case where a mortgagor conveyed his equity of redemption to trustees for the benefit of his creditors, who sold the premises at auction. A portion was sold to V. free from incum trances; the remainder to S. chargeable with the mortgage; who subsequently sold to F. and N. a small portion of his purchase. On a bill of foreclosure filed against the mortgagor and the purchasers, held, that the premises held by S. should be first sold, to pay the mortgage debt and costs. Secondly, the costs of V., and thirdly, the costs of F. and N. in defending. But that S. was not chargeable personally with the costs of V. In case of a deficiency, F. and N's portion be sold first; next V's. Reported, 2 Barb. S. C. R. 13.