Wayne Building & Loan Co. v. Headley

In 1931, the Wayne Building & Loan Company, having a first mortgage upon property owned by Samuel A. Headley and Blanche Headley, husband and wife, and upon which was located a dwelling which was used by them as their home, brought an action to foreclose the mortgage.

The- Standard Savings Bank, having a second mortgage on said homestead property and being made a party to the suit, set up its mortgage, and, by the decree in foreclosure, recovered a judgment against the Headleys on the 1st day of February, 1932.

The homestead was sold in said proceedings, -and did not sell for more than enough…