Ed Jacobsen, Jr., Inc. v. Barrick

Property of the appellant, Ed Jacobsen, Jr., Inc. (Jacob-sen), encumbered by a mortgage from Robert W. Russell, his wife Margaret T. Russell, and Jacobsen to Thomas J. Kiriakou and Alice L. Kiriakou securing a note payable to the Kiriakous and assigned to the appellee, Samuel W. Barrick, for the purpose of foreclosure, was purchased by the Kiriakous at a foreclosure sale after default had occurred under the terms of the mortgage. On March 12, 1968, the Circuit Court for Frederick County issued an order nisi which provided that said sale would be finally ratified and confirmed on the 5th day…