Grable v. Damar Production Co.

Plaintiff, a mortgagee in possession of certain real property, brought an action to foreclose the mortgage. On August 3, 1964, the court entered a judgment, fixing the sums due and owing from defendants to plaintiff, as of October 20, 1963, directing a sale of the property, and specifying the distribution of the proceeds of sale. Inasmuch as a substantial period of time had already intervened, and it was clear that more must necessarily intervene, before the sale could be accomplished, the judgment reserved jurisdiction in the court to adjust the ultimate liability between the parties by…