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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 2617   View pdf image (33K)
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MORTGAGES 2617

institute foreclosure proceedings thereafter, and may be enjoined from doing so; or
party authorized to redeem and who made tender, may except to mortgage sale. Kent
Bldg. Co. v. Middleton, 112 Md. 17.

Under this section and sec. 11, where a trustee or attorney offers property at public
sale in accordance with mortgage and withdraws it Because he does not receive a satis-
factory bid, he is authorized to sell property at private sale subject to ratification of
court, and court has jurisdiction to set aside or ratify sale. The jurisdiction of court
becomes complete on the filing of report of sale; until then proceedings are ex parte.
Object of this section. Beetem v. Garrison, 129 Md. 671.

A case will not be reversed because report of sale does not state terms, nor compliance
with them by purchasers—the report should be seasonably amended. Terms of sale,
held reasonable. White v. Malcolm, 15 Md. 542.

Report held to be substantially correct. Change in terms of sale. Hubbard v. Jarrell,
23 Md. 79.

The sale is not a complete contract, and when reported is merely an offer not accepted
until ratified by court. Hanover Fire Ins. Co. v. Brown, 77 Md. 71.

Until report is filed, proceedings are ex parte. Similarity between this section and
local law applicable to Baltimore City. Albert v. Hamilton, 76 Md. 307; McCabe v.
Ward, 18 Md. 509.

This section referred to in determining that a corporation could not exercise a power
of sale under sec. 6. Frostburg Bldg. Assn. v. Lowdermilk, 50 Md. 179.

This section referred to in construing sec. 16. Webb v. Haeffer, 53 Md. 191.

This section referred to in construing sec. 8—see notes thereto. Hebb v. Mason, 143
Md. 356.

Cited but not construed in Gaither v. Tolson, 84 Md. 641; Warfield v. Dorsey, 39
Md. 308; Dill v. Satterfield, 34 Md. 53; Assurance Corp. v. State, 163 Md. 126; Blanch v.
Collison, 174 Md. 431.

See notes to secs. 1 and 8.

An. Code, 1924, sec. 10. 1912, sec. 10. 1904, sec. 10. 1888, sec. 10. 1826, ch. 192, sec. 5.

11. If such sale be set aside by the court, a re-sale may be ordered to
be made by the party who made the previous sale, or the court may, if
justice requires it, appoint a trustee to sell the same.

Cited in dissenting opinion in Bilbrey v. Strahorn, 153 Md. 499.

Cited but not construed in Allen v. Seff, 160 Md. 241; Assurance Corp. v. State, 163
Md. 126; Kelly v. Bldg. Asso., 166 Md. 186; Mortgage Co. v. Matthews, 167 Md. 386, 392.

It is not absolutely necessary that court should order re-sale, and a sale made without
such order, will not be set aside. Reeside v. Peter, 35 Md. 222.

For a case reversed in the court of appeals, and a re-sale ordered under this section,
see Chilton v. Brooks, 69 Md. 587.

Cited but not construed in Dircks v. Logsdon, 59 Md. 178; Basshor v. Stewart, 54 Md.
379.

See notes to sec. 10.

An. Code, 1924, sec. 11. 1912, sec. 11. 1904, sec. 11. 1888, sec. 11. 1826, ch. 192, sec. 4.

1836, ch. 249, sec. 7.

12. All such sales, when confirmed by the court and the purchase
money is paid, shall pass all the title which the mortgagor had in the said
mortgaged premises at the time of the recording of the mortgage.

After foreclosure sale had been ratified, held that application to bankruptcy court for
relief from mortgage foreclosure sale came too late. Compton v. Birnie Tr. Co., 76F (2d)
639.

Until foreclosure sale has been ratified, bankruptcy court has jurisdiction of property
of bankrupt. Bradford v. Fahey, 76F (2d) 628.

Status of purchaser of realty on mortgage foreclosure sale is that of one offering
to purchase the property, and equitable title remains in mortgagor until final ratifica-
tion of sale by Court. In Re Bradford, 7 F. Supp. 665.

Where sale at foreclosure has been ratified by Court, no right or title remains in
mortgagor. In Re Compton, 7 F. Supp. 676.

The principle stated in this section is applicable to all decrees made under the direc-
tion of a court of chancery. Mizen v. Thomas, 156 Md. 323.

Cited but not construed in separate opinion in Hammond v. Lyon Realty Co., 163
Md. 476; Williams v. Safe Dep. & Tr. Co., 167 Md. 504.

Where the tax affidavit is not made to a mortgage when it is originally recorded,
the re-filing of such mortgage a month later and after affidavit is made does not make
it a new instrument, so that if mortgagor has divested himself of his equity of re-
demption, there is no title upon which a subsequent mortgage sale could operate;
the identity of the mortgage is not changed. See notes to art. 21, sec. 34. Tolson v.
Williams, 136 Md. 615.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 2617   View pdf image (33K)
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