Estes v. Johnson

FOSTER, Justice.

The bill in this case seeks to enforce the statutory right to redeem land sold under the power contained in a mortgage.

The mortgáge was made to a bank, and was foreclosed by the superintendent of banks liquidating the affairs of the mortgagee. The superintendent of banks bought in the property at less than the mortgage debt, and thereafter sold , the land to respondents, without transferring’ to them the unpaid balance of the debt. After all this occurred, the mortgagors “sold, transferred, conveyed and assigned to this complainant in writing their right to redeem the said…