Equitable Life Assurance Society of United States v. Hochstein

Motion by the plaintiff in this foreclosure action for an order determining the rights and duties of the Referee and the rights of the purchaser at the foreclosure sale. The real property, the subject of this action, was sold by David A. Kraemer, Esq., the Referee, to Willow Grove Corp., the purchaser, for $40,000 on June 15, 1964 and a memorandum of the sale providing for a closing on July 15,1964 and acknowledging a down payment in the sum of $4,000 was executed by both parties.

The purchaser’s title examination lists as an objection the right of the United States of America to redeem the…