Sicinski v. Tracz

PAGE, Circuit Judge.

After the trustee in bankruptcy had' disbursed much of the $3,000 received for personal property and $1,000-received for an equity in real estate, the District Court, on the petition of a creditor, set aside both sales, without requiring a tender of the money to the purchaser, or a deposit to guarantee a better price, solely because the purchaser, who owned a mortgage debt of $5,000 on the real estate, remained silent when it was announced at the sale in his presence that the mortgage was $7,000. This was error as to the real estate sale. Lanham v. State Bank of Rome (C.…