Schulthies v. Barron

Plaintiff, Vera Schulthies, defaulted on a $5,000 mortgage on her home, executed on June 28, 1965. This mortgaged property was foreclosed by advertisement and sold at auction, proper notice having been published and posted upon the premises. Plaintiff concedes that the foreclosure proceedings were in compliance with the statute. Her claim is that unless she is allowed to redeem an injustice will occur in that (1) although the statutory redemption period is six months, plaintiff believed it to be one year, 1 and (2) defendant purchased this property at the sheriff’s sale for approximately…