Housing Investment Corp. v. Todman

MEMORANDUM OPINION

The question presented is whether a judgment creditor, who successfully bids at the judicial sale of his judgment debtor’s property and who is entitled to some or all of the proceeds of that sale, may apply the amount awarded in his judgment towards his bid purchase price instead of making his payment in money.

For the reasons which follow, as well as for the avoidance of the unnecessary transfer of funds from the judgment creditor to the Territorial Marshal to the Clerk of the Court and back to the judgment creditor, I conclude that the question presented should be answered…