Rife v. Swanson

In this case plaintiff Austin recovered a decree of foreclosure for. $10,188 which is a first lien on 320 acres of land. Charles G-. Lane is the owner of a fifth lien on the same property amounting to $24,022. On March 24, 1921, at the sale under the decree, the property was sold to Lane for $22,500. Objections to confirmation were filed by Swanson, the owner of the equity of redemption. These objections were overruled, and the sale confirmed on June 3, 1921.

After the deduction of costs and expenses and the amount due prior lien-holders, there was applicable on the lien of Lane from the…