PHILIP LICATA, FRANK VARDE, TAMPA REAL ESTATE & LOAN ASSOCIATION, A CORPORATION, AND D. B. NEWCOMB, APPELLANTS,
v.
VINCENTE DE CORTE, APPELLEE
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De Corte sought to redeem property from a foreclosure sale, claiming he had purchased the property from Leto before the foreclosure and had taken possession. The Florida Supreme Court affirmed the lower court's decree setting aside the foreclosure proceedings and permitting redemption, finding that de Corte had established superior title and that the defendants had notice of his ownership.
The foreclosure proceedings should be set aside and de Corte permitted to redeem the property. Although de Corte's deed was not recorded until after the foreclosure sale, the unrecorded deed was valid between the parties and as to those with notice. Leto's plea in the foreclosure action constituted notice sufficient to require further vigilance by the defendants, and the evidence supported the chancellor's finding that de Corte held title adversely and in good faith.
“While the deed from Leto to de Corte was not recorded until after the decree of sale, it was yet good as between the parties thereto and was also good as to others who had notice thereof.”
Establishes that an unrecorded deed remains valid as between parties and against those with notice of it, even if recorded after a foreclosure sale.
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Join FLexlaw to unlock all legal intelligenceDe Corte purchased two Tampa lots from Salvatore Leto on November 4, 1901, paid full consideration, and took possession. The property was subject to a…
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Cockrell, J.
On March 3, 1903, Vincente de Corte filed a bill to redeem from a foreclosure sale two lots in Tampa. The complainant alleged that he became the owner of the property November 4, 1901, by virtue of a certain deed of that date from one Salvatore Leto, for which he paid full consideration, and also on said last date took full and undisturbed possession of the lots subject to a mortgage given by the said Leto and wife to D.
B. Newcomb; about six weeks thereafter the said New-comb filed a bill against the said Leto and wife to foreclose the said mortgage, and to this bill Leto pleaded that he had sold the property and delivered possession thereof to de Corte, and that de Corte should he made a party; that this plea was set down for insufficiency and overruled, whereupon immediately a decree fro confesso and final decree were entered against Leto; that at the sale under said decree the complainant, through his agent, the Tampa Eeal Estate Loan Association became the purchaser, and immediately conveyed the property to Licata and Varde, taking back a mortgage for a large part of the purchase price; the complainant further alleges that all the parties named had knowledge, actual or constructive, of his title and possession. A demurrer to the bill was overruled and the defendants filed their several answers denying the adverse holding of the complainant, the bona fides of the conveyance from Leto to de Corte, and notice of such conveyance. Much testimony, proper and improper, was taken before an Examiner, but none of the many objections thereto appears to have been brought to the attention of the court and ruled upon. Upon final hearing a decree passed setting aside the former foreclosure proceedings and permitting the complainant to redeem upon payment of a certain sum, under penalty of a dismissal of the bill upon the non-payment of that sum. From this decree the defendants appeal.
While the deed from Leto to de Corte was not recorded until after the decree of sale, it was yet good as between the parties thereto and was also good as to others who had notice thereof. The plea filed by Leto was such notice, as to call for ffirther vigilance than was here displayed, and the chancellor has found against the defendants, in effect, on the contested question of good faith and of adverse holding.
The evidence is not entirely satisfactory to us, but in consideration of the fact that the complainant and his wife are unlettered foreigners we cannot say, the explanation of the failure to record the deed is not satisfactory, nor that the transaction between Leto and de Corte was fraudulent; nor for the same reason should we place too much stress on the lack of resistance shown by them when possession was demanded by the purchasers under a court sale.
The decree is possibly too broad in some aspects but no attack is made on it here on that score and we are not disposed to interfere.
It is, therefore, ordered that the decree be affirmed with leave to have the account restated from the date thereof and a limited time given the complainant to pay the amount so stated, under penalty of a dismissal of his bill.
The costs of this appeal are taxed against the appellants.
Shackleford, C. J., and Whitfield, J., concur. Taylor, Hocker, and Parkhill, JJ., concur in the opinion.
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Edeltraud Becker v. Effenberger, 458 So. 2d 891 (Fla. 2d DCA 1984)…“delay, hinder, or defraud” appellee, there were no facts before the court to support an absolute and total voiding of the deed. Appellant’s title remains valid against Forthner, who has no rights in any proceeds of the sale. See Licata v. DeCorte, 50 Fla. 563, 39 So. 58 (1916). That portion of the judgment of the trial court voiding and vacating the conveyance to appellant is reversed and set aside. There is no statutory nor contract provision in this case to support an award of attorney’s fees. Accordi…
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Fam. Bank v. Able Realty OF Am. Corp., 702 So. 2d 1322 (Fla. 4th DCA 1997)…81) (right of a mortgagor to redeem as an incident of every mortgage cannot be extinguished except by due process of law); John Stepp, Inc. v. First Federal Sav. and Loan Ass’n of Miami, 379 So. 2d 384 (Fla. 4th DCA 1980) (same); Licata v. De Corte, 50 Fla. 563, 39 So. 58 (1905) (one who has in good faith bought and assumed possession of mortgaged property pri- or to the proceedings for foreclosure may be permitted to redeem the property from sale under such foreclosure); Marion Mtg. Co. v. Grennan, 106 Fl…
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Padron Warehouse v. Realty Assocs. Fund III, 377 F. Supp. 2d 1259 (S.D. Fla. 2005)…erest in land, so as long as a document conveying an interest in land is under seal, the statute is satisfied. Here the purchase and sale agreement which passed title to the warehouse and was binding between PWC and Realty, see Licata v. De Corte, 50 Fla. 563, 39 So. 58, 59 (1905) ("While the deed from Leto to De Corte was not recorded until after the decree of sale, it was yet goo as between the parties thereto, and was also good as to others who had notice thereof.") states that is "under seal." See…