Northwestern & Pacific Hypotheekbank v. Nord

In 1922 N. O. Nord and wife, Hannah A. Nord, mortgaged their homestead to the respondent Northwestern & Pacific Hypotheekbank for $11,000. In January, 1929, suit was instituted to foreclose the mortgage and thereafter a decree of foreclosure was entered, and on April 27, 1929, the property covered by the mortgage was sold at foreclosure sale and bid in by the respondent for $16,952.53; and certificate of sale was issued by the sheriff to respondent. During the period of redemption and prior to the expiration thereof negotiations were conducted between the parties, with a view to respondent…