Court Opinion

ID: 6416187
Source: CourtListenerOpinion
Date Created: 2022-06-25 11:56:20.985841+00
Date Added: 2024-06-11T15:51:33.884272
License: Public Domain

Chapman, C. J.
It appears that the petitioner, having an execution against the respondent, levied it upon the real estate in question on May 27, 1858. The appraisers recite that the respondent owns the land in common with Christopher C. Alger; they appraise the whole at $500, and the share of the respondent at $250; and they certify that, as the same cannot be divided without damage to the whole, and is more than sufficient to satisfy the execution, they appraise at $203.07, and set off that part to the petitioner in satisfaction of her execution.
*266At that time the respondent’s title stood as follows: By deed from Simon Gould, administrator of the estate of Joseph Nor-cross, dated September 20,1854, he had purchased one undivided half of the land, and had mortgaged it, September 20, 1855, to Alger, to secure the payment of $200, payable in three years. On April 10, 1858, he had given Alger a certificate of possession for condition broken, though by the terms of the mortgage the condition would not be broken till the next September. The respondent had, before the levy, acquired a title to the other undivided half of the land, and it was this latter half that the petitioner undertook to levy upon, treating Alger as tenant in common with the respondent. The question presented to us is, whether a mortgagee can be thus treated.
By the terms of the mortgage, the mortgagee was entitled to take possession before condition broken, there being no clause reserving the right of possession to the mortgagor. The legal title was also in him. But it was not an absolute title, and until foreclosure, when the mortgagee becomes the absolute owner, the mortgage is deemed to be a lien or charge, subject to which the estate may be conveyed, attached, and in other respects' dealt ydth as the estate of the mortgagor. Ewer v. Hobbs, 5 Met. 3. Page v. Robinson, 10 Cush. 99. Bradley v. Fuller, 23 Pick. 1. As the estate of the mortgagee was of this peculiar character, and subject to be terminated by the mere act of paying the. debt at any time before its maturity, and by bill in equity afterwards, we do not think he was a tenant in common with his mortgagor, so as to entitle the mortgagor to have a partition of the other part of the land. Nor was it necessary for the petitioner to levy her execution in that manner. She might have procee led under the provisions of the Gen. Sts. c. 103, § 33 seq., dealing with the mortgage as an incumbrance of which she could become assignee by § 37. Petition dismissed.