Equitable Life Assurance Society of the United States v. Kramer

The district court held that the applicant, Collins Mortgage Company, was not an owner of the land within the meaning of the cited legislation. Such is the sole question presented in the case. These two foreclosure proceedings have been pending in court in some form from November, 1931, up to the filing of this application on or about June 13, 1933. During all that period the mortgagors, William Kramer and Anna Kramer, were the owners of the property and in possession thereof.' The legislation here invoked conferred a measure of discretion upon a court of equity in granting the relief therein…