Michigan Trust Co. v. Dutmers

On this foreclosure in chancery of a land contract, in which the plaintiffs sought a decree for any deficiency arising on the sale, the court found the amount due thereon to be the sum of $45,516.60, and ordered a sale thereof by the circuit court commissioner of the county. Inserted in the decree was the following provision:

"Said commissioner shall accept no bid for said premises which shall be less than $45,516.60 and interest."

From this provision the plaintiffs have taken this appeal. They submitted evidence, that is not disputed, that the "actual present day value of the property" is not…