Chicago Title & Trust Co. v. Braese

The Chicago Title and Trust Company, a corporation, as trustee in a trust deed given to secure an indebtedness of $60,000, filed its bill of foreclosure. Afterward, on December 22, 1933, a decree of foreclosure was entered which provided that if the indebtedness found due was not paid within five days the property be sold. So far as the record before us discloses, nothing further was done until December 16, 1936, when the master in chancery filed his report of sale, in which he stated that pursuant to the decree entered December 22, 1933, he advertised the property for sale on November 6,…