Christenson v. Raggio

Citations

• 47 Wash. 468
• 92 P. 348
• 1907 Wash. LEXIS 787

Syllabus

<p>Vendor and Purchaser—Bona Fide Purohasers—Records—Mortgages—Satisfaction. The fact that purchasers of property recorded their deed, before satisfaction of a mortgage by one holding an unrecorded assignment of the mortgage, does not prevent their being tona fide purchasers, where the assignment had been exhibited to them and arrangements made for its record, and they paid no part of the purchase price until after record of the assignment and satisfaction of the mortgage.</p> <p>Mortgages — Assignment — Record — Satisfaction. Under Bal. Code, § 4565, authorizing satisfaction of a mortgage by an assignee after record of his assignment, the purchaser of the property may rely on such a satisfaction, without requiring production of the negotiable paper which the mortgage secured.</p>