Farmers Production Credit Ass'n v. McFarland

I dissent.

The majority opinion unnecessarily and without articulating a single policy ground supporting its result significantly retracts the protection previously afforded mortgagors under our redemption laws. It is particularly unfortunate that this occurs at a time when, because of prevailing economic conditions, mortgagors are particularly in need of such protection.

There are two issues presented by this appeal: (1) whether, when the mortgagor’s assignee redeems from the sale on foreclosure of a senior mortgage during the six-month period where such right of redemption is exclusive, a…