Hosford v. Johnson

Newcomb, C.

The Atlas Insurance Company held a mortgage on certain real estate in Vigo county, and Johnson and Finch held a junior mortgage on the same property. The Atlas Company foreclosed its mortgage, but did not make Johnson and Finch defendants to the action, nor did the latter appear to it. A separate foreclosure suit was instituted by Johnson and Finch, and their mortgage was foreclosed. The appellant, Hosford, purchased the mortgaged premises at the sheriff’s sale on the senior mortgage, bidding therefor the full amount of the judgment and costs. On the same day, the property was also…