Fleming v. Federal Land Bank

McMurray, Judge.

This is an action seeking confirmation of a foreclosure sale held under the power contained in the terms of a deed to secure debt upon certain real property executed by defendants Fleming and Frey to plaintiff, the Federal Land Bank of Columbia. At the sale plaintiff had made the only bid in the amount of $106,422 ($700 per acre).

At the hearing plaintiffs sole witness testified that he had appraised the property and found that it had a true market value of $106,422, or $700 per acre, the exact amount of plaintiffs bid. The testimony of defendant’s witnesses as to the true…