Newman v. Locke
Michigan Supreme Court
Appeal from Iosco. (Tuttle, J.) Bill to redeem from a mortgage. Complainaat appeals from decree dismissing bill. The facts are stated in the dissenting opinion.
1Opinion of the CourtCampbell, C. J.
The only question in this case is whether Locke took the title to the Newman property from the foreclosure holder, to be held absolutely, or to allow complainant further time .for redemption. There may, perhaps, have been some misunderstanding about the matter, but I am satisfied that complainant understood, and had every reason to understand, that the title was taken for his benefit. The equity of redemption was of considerable value, and a relinquishment of it would have been too great a sacrifice to make, unless it was absolutely hopeless to save it. Considering all the testimony, it has…
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