Fidelity Union Trust Co. v. Appleby

The complainant's decree was for approximately $75,000 and the mortgaged premises were purchased by complainant at the sheriff's sale for $100 subject to taxes of about $5,000. Objections to the confirmation of sale were promptly filed and also a petition invoking the doctrine of Federal Title and Mortgage Guaranty Co. v. Lowenstein, 113 N.J. Eq. 200, and kindred cases. By consent of the parties the matter was referred to a master to take proofs as to the value of the mortgaged premises and other matters pertinent under Young v.Weber, 117 N.J. Eq. 242. The master has now returned the proofs…