Shorthand And Type Writer Dictation Exercises Counted And Timed for 50 75 100
Shorthand And Type Writer Dictation Exercises Counted And Timed for 50 75 100
Elias Longley
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a \ 7ERY few contracts and mortgages are being foreclosed in Southern California. The land owners are giving exten- sions of time to all who manifest any disposition to | pay either interest or principal. The fact is, the interpretation of the courts in the matter of land contracts is all in favor of the || buyer. The statutes of California distinctly state that when money has been paid upon real estate, no matter what forfeiture clauses may be contained in the instrument representing the sale ...and purchase, the equity of the purchaser must be pro- tected. In other words, the mere fact that the instrument con- tains (1) ... A forfeiture clause, whether recorded or not, does not empower the seller to declare such forfeiture, except after due process of law. To undertake a | foreclosure ties up the property for at least nine or ten months. Therefore, if pur- chasers manifest a desire to meet their payments, sellers are easy || with them. "I had about forty contracts in my possession a short time ago, " said an attorney, " and we did not enter suit in a single case.
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