18 Or. 470 | Or. | 1890
This is a proceeding to compel the execution of a sheriff’s deed. The facts are these: The plaintiffs
It will be noted that the confirmation of the sale had been made to the plaintiffs as purchasers before the judgment debtor Smith transferred his right of redemption to the defendant Skiff, and the contention of the plaintiffs is that the statute does not authorize a successor in interest to redeem after confirmation of the sale. The proper solution of the question requires an examination of the provisions of our statute in regard to the subject, and the purpose of them. It is provided by § 300, Oregon Code, that: “Property sold subject to redemption, or any part thereof separately sold, may be redeemed by the following persons or their successors in interest: The judgment debtor or his successor in interest in the whole or any part of the property separately sold, ” etc. Section 303 provides that: “The judgment debtor or his successor in interest may redeem the property at any time prior to the confirmation of sale, on paying the amount of the purchase money, with interest at the rate of 10 per centum per annum, etc. But if the judgment debtor do not redeem until after confirmation of the sale, thereafter he shall redeem within four months from such order of confirmation, and not otherwise.”
The construction given to these by counsel lor plaintiffs is that the former section is intended to name the classes
It is said that the statutory right to redeem is not a"', property right, which is subject to bargain and sale, but a mere privilege conferred by law, and when a certain class of persons are enumerated who are invested with the right to redeem, it excludes all other classes not named. Powers v. Andrews, 84 Ala. 291. But our section (300) in enumerating the classes who may redeem, expressly mentions the successor in interest, which plainly means and recognizes that the statutory right to redeem is a property right, subject to sale and transfer like other property rights derived from law and conferred upon the judgment debtor or his successor in interest, to whom he may transfer such right to redeem. In the light of the statute, the right to redeem is regarded as valuable, and in order to give the judgment debtor the benefit of it, he may exercise such right himself, or he may transfer it to another, who becomes his successor in interest and entitled to exercise such right. The right, then, under our statute is not merely a privilege personal to the judgment debtor, but a
While it is due to say that the counsel for the plaintiffs presented his point clearly and argued it ably, we are not prepared, for the reasons stated, to concur in his conclusions, and must, therefore, affirm the judgment.