Persons v. Shaeffer

Citations

• 65 Cal. 79
• 3 P. 94
• 1884 Cal. LEXIS 448

Syllabus

<p>Equitable Assignment—Satisfaction of Judgment—Subsequent Pubchaseb. —The payment of a judgment of foreclosure of a mortgage may operate as an equitable assignment to the person who makes the payment, although the mortgagee enters satisfaction of the judgment upon the record. But the lien of the judgment will not be kept alive to the prejudice of a subsequent bona fide purchaser of the land, who had no notice of the equities of the person who made the payment, and who purchased while it appeared of record that the judgment had been satisfied and discharged.</p>