Lammert v. Breman Bank & Trust Co.

CLEMENS, Senior Judge.

Proceeding by defaulting mortgagor-appellants Leland and Nancy Lammert to redeem real estate from defendant-mortgagee’s foreclosure sale.

When borrowers defaulted defendant-lender Bremen Bank foreclosed and bought the mortgaged real estate. Plaintiffs then began this proceeding to redeem the real estate from sale. On defendant bank’s motion the circuit court dismissed plaintiffs’ motion to redeem as inadequate, this for failure to have court approval. Mortgagors have appealed.

At issue here are the three redemption statutes. In essence, with our emphasis, they provide:

Secti…