Bonan v. Talandis

OPINION OF THE COURT

Richard F. Kuhnen, J.

In this foreclosure action, the plaintiff is the assignee of the mortgagee, the Citizens Savings Bank. On the sale, the mortgagor, defendant Talandis, bid in Parcel 2 of the subject property for $1,000, but thereafter assigned his bid to the plaintiff. It is not disputed that the bid price was much less than the market value of the parcel.

*299The defendant United States of America, subsequent to the sale, but before any conveyance to the plaintiff by the Referee, William A. Lange, Jr., attempted to perfect its right to redeem the property under section…