Jefferson Trust Co. v. Feinstein

On August 30th, 1912, the defendants Louis Feinstein and Yetta Feinstein, husband and wife, mortgaged property owned by them in the city of Hoboken, New Jersey, with the Jefferson Trust Company in the principal sum of $3,500. They conveyed their interest in the property on November 1st, 1926, to Gustav Stammer and Maria Stammer, husband and wife, and, thereupon, received from the Stammers a second mortgage for $5,700. On April 11th, 1928, the Stammers conveyed the premises to the Stammer Realty Corporation.

The complainant, on February 23d 1933, by virtue of chapter 27, P.L. 1933, amended by…