Virginian Joint Stock Land Bank v. Hudson

This is appeal by plaintiff from an order made under Act No. 98, Pub. Acts 1933, the emergency moratorium law.

The mortgage was given July 10, 1925, for $7,000, payable $245 semi-annually. Defendant was a widower at the time. The last payment of principal or interest on the mortgage was made May 3, 1930. The next payment was due November 3d. The foreclosure bill was filed February 24, 1932, more than a year after default. Pro confesso decree was entered August 8, 1932, for $7,735.57. Sale was advertised for October 15th.

October 15th defendant filed motion to vacate the decree on the grounds of…