Waldorff Insurance and Bonding Inc. v. Eglin National Bank
Florida District Court of Appeal
453 So.2d 1383 (1984)
A purchaser of real property gains an equitable interest at the contract's formation, even if the full price hasn't been paid. If a third party later acquires legal title with knowledge of the purchaser's interest, their legal title is subject to that interest.
Relevant Facts
Waldorff Insurance and Bonding Inc. (plaintiff) entered a contract for a condo unit with Choctaw, who later mortgaged the property to Eglin National Bank (defendant). Waldorff claimed ownership despite mortgages to Eglin.
Issue
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Holding & Reasoning
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Concurrence
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Dissent
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Last updated:
December 8, 2023
Judicial Opinion
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Procedural History
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Citations
453 So.2d 1383 (1984)