Olson v. Sievert

Dr. C. H. Sievert owned a residence property upon which he had placed two mortgages. The first- mortgage was foreclosed and the property sold at execution sale April 17, 1945. Six months thereafter William Berndt, who held the second mortgage but was not a party to the foreclosure suit, made redemption from such sale, as a lienholder, by paying into the clerk’s office the proper amount and filing affidavit of his lien. See section 628.18, Code of Iowa, 1946.

A few days before the expiration of the debtor’s year of redemption Dr. Sievert informed Attorney Clark O., Füseth, who had represented…