Title: PONCA CITY BLDG. & LOAN CO. v. GRAFF
Citation: 117 P.2d 514, 189 Okla. 410, 1941 OK 299
Docket Number: 
State: Oklahoma
Issuer: Oklahoma Supreme Court
Date: September 30, 1941

PONCA CITY BLDG. & LOAN CO. v. GRAFF Annotate this Case PONCA CITY BLDG. & LOAN CO. v. GRAFF 1941 OK 299 117 P.2d 514 189 Okla. 410 Case Number: 29751 Decided: 09/30/1941 Supreme Court of Oklahoma PONCA CITY BLDG. & LOAN CO. v. GRAFF et al. Syllabus ¶0 1. MORTGAGES---Mortgagee purchasing at foreclosure sale and entering possession under judgment subsequently vacated--Continuing rights as mortgagee in possession until final disposition of cause or payment of debt. Where the plaintiff forecloses a mortgage, buys in the property at the foreclosure sale and takes possession thereof, and the court thereafter sets aside the proceedings and the sale thereunder, the possession of the plaintiff becomes that of mortgagee in possession and as such is entitled to remain in possession until payment of the debt, or until the case is concluded by a new judgment and foreclosure sale. 2. SAME---Adjustment of equities--Right of defendant to require accounting for rents and disbursements during plaintiff's possession and to cross-petition for damages. Where such plaintiff proceeds with the foreclosure of the mortgage, the defendant mortgagors are entitled to an adjustment of all the equities between the parties. They may require an accounting for all rents received and disbursements made during plaintiff's possession; and may cross-petition for damages for the negligent care and mismanagement of the property and for damages to personal property not covered by the mortgage and wrongfully converted by the plaintiff. 3. BILLS AND