Williams v. Continental Securities Corp.

This appeal presents a controversy primarily between two individuals who had been competing bidders at a sheriff’s sale of real property. However, other persons, original parties in the action, have an interest in, and are indirectly affected by, the results. The individual whose bid at the sale was the highest in amount has appealed from an order confirming sale of the property to the person whose bid was next highest.

There is little dispute as to the facts. In December, 1926, the owner of an apartment house building in Seattle executed a mortgage thereon to secure a bond issue of forty-five…