Michigamme Oil Co. v. Huron Valley Building & Savings Ass'n

A mortgage upon the property of plaintiff company was foreclosed by advertisement. Defendant Valvoline Oil Company, holder of a junior mortgage, was the purchaser at the sale and filed the sheriff’s deed with the register of deeds, to become effective at the expiration of the period of redemption. A few days before the expiration of the period of redemption plaintiff filed a bill in equity invoking provisions of the moratorium statute (Act No. 98, Pub. Acts 1933) and thereupon the court granted an injunction and after a hearing and in a signed opinion, but without any order entered thereon,…