Court Opinion

ID: 9559246
Source: CourtListenerOpinion
Date Created: 2023-08-21 17:25:00.956907+00
Date Added: 2024-06-11T09:10:23.144158
License: Public Domain

*287Munson, J.
(concurring specially) — I agree with the majority that the land contract is a two-part instrument, namely, a contract for the sale of land and the retention of a "lien-security” interest. When Patrick and Linda Kofmehl chose to bid at the sale rather than pay the outstanding indebtedness to the county treasurer by the day before the sale, were the successful purchasers, and accepted the deed from the county, they still had a contract for the sale of the land, but they lost their "lien-security” interest; so now they have a contract for the sale of land which includes the outstanding balance plus interest plus whatever amount they paid at the tax sale. They are entitled to specific performance of that contract of sale, but must agree to convey title when paid in full. However, they are unable to forfeit the contract.