It was the legislature's intention that mortgage "foreclosure sales be made only upon such terms and conditions as were approved by the courts.”
How later courts described this case
- It was the legislature's intention that mortgage "foreclosure sales be made only upon such terms and conditions as were approved by the courts.”
- With regard to mortgage foreclosure sales, “[sjales by masters are not sales in a legal sense[ J until they are confirmed.”
- upholding an upset price using the “grossly inadequate” standard
- adopting these standards for Illinois practice
Written by the judges who cited it.
The opinion
Stone and Shaw, JJ.,
specially concurring:
We agree with the result reached but not in all that is said in the opinion.