Trafton v. Cornell
Trafton v. Cornell
Opinion of the Court
Action to recover an asserted surplus arising from a mortgage foreclosure under a power of sale. The findings of fact
As we understand his counsel, their contention is that it was incumbent upon the mortgagee to distinctly state in the notice of sale that the sum of $10 was due as an instalment of interest, and that if it were not so stated she would have no right to retain from the proceeds, and apply upon the debt, the sum remaining after paying the $10 and the costs of foreclosure, including the attorney’s fees; all above these amounts being surplus, to which the mortgagor owner would be entitled. Such contention is devoid of merit. The light to foreclose the mortgage stands admitted. The notice contained all of the statutory requirements (G-. S. 1894, § 6033), including- a strictly accurate statement of the amount claimed to be and actually due upon the mortgage debt. No question is or can be raised as to the regularity of the foreclosure proceedings, for their regularity is affirmed by an action to recover an alleged surplus. The statute noAvhere requires that the amount of the mortgage debt shall be specified in the notice, and in the one in question there was nothing which justifies the assertion of counsel that it contained a plain, unequivocal statement that the entire debt secured was but $10. In fact it could well be inferred to the contrary from what was stated.
Nor is there anything in G-. S. 1894, § 6031, as counsel seem to think, indicating that, if the foreclosure be for an instalment of principal or interest, the notice must contain something in addition to the statutory requirements. Certainly the copy of the notice of foreclosure which counsel have appended to their brief, as a guide, and with the
Judgment affirmed.
Reference
- Full Case Name
- THOMAS B. TRAFTON v. ELIZA O. CORNELL
- Status
- Published