Gerber v. Heath

Citations

• 92 Wash. 519
• 159 P. 691
• 1916 Wash. LEXIS 780

Syllabus

<p>Mortgages — Foreclosure—Rents and Profits — Parties Entitled —Subsequent Purchaser. Since a mortgage of realty conveys no title, tbe net rents, issues and profits of mortgaged property pending foreclosure of the mortgage, collected by a receiver appointed for that purpose, belong to the mortgagor’s successor holding the legal title, where he purchased without assuming the mortgage; since there is no obligation to apply income to principal or interest, after keeping up current expenses.</p>