122 Neb. 834 | Neb. | 1932
This is an appeal from an order of confirmation in a foreclosure proceeding. The record discloses that a decree of foreclosure was rendered on January 11, 1930, whereupon defendant took a nine months’ stay. Sale was held on November 17, 1930, at which sale plaintiff purchased the property for $3,723.88. Defendant filed objections to confirmation on November 24, 1930, and upon hearing the sale was set aside. A second sale was held on June 2, 1931, and plaintiff again purchased the land in question for the amount of its indebtedness, which was now $3,896.87. Objections to confirmation were again filed by defendant upon the same grounds as those relied upon in the first sale, namely, that the said real estate was reasonably of the value of $6,000. The same trial judge who had set aside the first sale refused, on September 7, 1931, to disturb the second, holding that “the property sold for its fair cash market value under the circumstances and conditions of said sale and that a subsequent sale would not realize a greater amount.” It will be noted that defendant has made no payment to plaintiff either of taxes, or of the semiannual amortization instalments and interest due upon the loan, and has been in possession after default, since January 11, 1930.
Defendant relies upon the inadequacy of price, alleging that the land did not sell for its fair value. This court has repeatedly held: “A judicial sale of real estate will not be set aside on account of mere inadequacy of price, unless such inadequacy is so gross as to make it appear that it was the result of fraud or mistake.” First Nat. Bank v. Hunt, 101 Neb. 743. See, also, Lemere v. White, ante, p. 676; Metropolitan Life Ins. Co. v. Heany, ante, p. 747; Vought v. Foxworthy, 38 Neb. 790; Kearney Land & Investment Co., v. Aspinwall, 45 Neb. 601; Iowa
Affirmed.