In re the Estate of Haffen

Henderson, S.

Among the testator’s assets was a bond secured by a second mortgage upon real estate. The mortgagors defaulted in payment of taxes and mortgage interest prior to the testator’s death. In the exercise of the executors’ business judgment, they took a deed to the realty and released the mortgagors from liability on this bond. The carrying charges, including alleged minor improvements, exceed the gross rents by the sum of $263.81. The special guardian for incompetent and infant remaindermen, whose interests are contingent, objects to the allocation of this deficit to principal and…