Local Federal Savings & Loan Ass'n v. Knie

Mortgage foreclosure on lots in New Cordell, Okla. Judgment for plaintiff for $3,025.28, p.us interest at 10 per cent, per annum, and attorneys’ fees of $325, costs, and foreclosure of mortgage. Real estate appraised by three disinterested householders at $2,000. Plaintiff at foreclosure sale paid the full amount of the appraisement, to wit, $2,000. On motion to confirm, contested by defendants, the court found that the value of the property was $4,114.20, and found that the purchase price was grossly inadequate, and refused to confirm the sale unless the plaintiff should remit the…