Cole v. Bansemer

This was a suit by Bansemer, Bro. & Co., to foreclose a mortgage on real estate, executed by James W. Cole. Richard Cole, who held a prior mortgage, and certain judgment creditors, whose judgments were liens upon the real estate junior to the plaintiffs’ mortgage, were made defendants, with the mortgagor. Richard Cole answered, and by cross-complaint prayed the foreclosure of his mortgage. James W. Cole answered, admitting the truth of the cross-complaint.. The judgment creditors answered the cross-complaint, setting up their liens, alleging the insolvency of the mortgagor, and that the claim…