Vozbut v. Pomputis

This is an appeal from an order entered under the so-called moratorium act (Act No. 98, Pub. Acts 1933), extending the period of redemption and restraining the mortgagee, appellant herein, from dispossessing the defendant mortgagors. The foreclosure suit was instituted May 10, 1933. The moratorium act became effective June 2, 1933. Defendants filed their answer June 14,1933. Decree of foreclosure was entered October 23, 1933. The defendants in the foreclosure proceedings filed a petition for relief under the moratorium statute on June 29, 1934. In plaintiff’s answer to the petition the…