114 N.J. Eq. 74 | N.J. Ct. of Ch. | 1933
Upon objection to confirmation of sheriff's sale of the mortgaged premises for $1,000 confirmation was withheld unless and until the mortgagee purchaser agreed to credit the fair value of the mortgaged premises as of the date of the sale upon his claim for deficiency on the mortgage bond. This he agreed to do and thereupon the matter was referred to a special master of this court to take such testimony as should be offered by the parties touching the said value and to report his opinion thereon. The master has reported that value to be $20,000 and to this finding the mortgagor defendant, which is liable on the bond, excepts, claiming that the master should have fixed the fair value at about $27,000 *75
claimed to be the mean of four different values put upon the premises by as many different real estate experts, citing as authority for this contention O'Connor v. Arywitz,