Morse v. Shangold

Succinctly stated, the mortgagors and grantees whose interests are implicated in this foreclosure suit have interposed objections to the confirmation of the sale of the mortgaged premises. Their application, introduced by means of petitions and orders to show cause, is to have the confirmation of the sale withheld unless and until the complainants, who were the purchasers, stipulate that the fair value of the mortgaged premises will be credited on the amount adjudged to be due by the decree. The complainants occupy a fiduciary capacity, and a suit for the deficiency is probably contemplated.…