Chauvin v. American State Bank

This is a bill to obtain right to redeem from a mortgage foreclosure, under a claimed extension of time beyond the statutory period of redemption. In the circuit the bill was dismissed and plaintiffs appealed.

August 27, 1917, plaintiffs gave the American State Bank of Detroit a mortgage for $5,400 due in three years, on property in the city of Detroit, and made default in payment. The American State Bank foreclosed the mortgage by advertisement, purchased at the sale un’der bid of the amount due, with costs, and, October 6, 1920, received a sheriff’s deed, to become effective October 6, 1921,…